Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, has appointed Bill Froggatt to lead a political and trade credit risks practice in Melbourne, Australia. Froggatt will report into the Financial Solutions Asia Pacific operation, which is headquartered in Singapore.
Froggatt joins Willis from the banking sector where, over the past 30 years, he has held various senior positions including Head of Trade Finance (EMEA) for Mizuho Corporate Bank Limited, the Global Head of Commodity Trade & Transaction Services for ANZ Banking Group, and most recently the Head of Northern Hemisphere Trade for the Westpac Banking Corporation.
Over the past five years the Australian loan market has accounted for roughly a third of total Asia Pacific loan volumes (excluding Japan), ranking higher (by loan volume) than Hong Kong, India, China and Singapore.
Commenting on the appointment, Paul Davidson, CEO of Willis Financial Solutions, said: Â BillÂ s experience with financial institutions represents a significant opportunity for the Willis Group and I am delighted to welcome him to the team. We have long held the view that the Australian financial market has not been as well served in the political and credit risk insurance arena as it could be, a situation which we are now able to remedy. WillisÂ s presence worldwide and our deep industry specific insights ideally position us to offer a seamless and truly global service to the global and regional banking community.Â
Froggatt added: Â I am excited and honoured to be joining the Willis Group and in particular the Financial Solutions team in Australia. Financial services companies in Australia are looking for new risk management solutions to support their businesses. With best in class analytical capabilities and a peerless global network, Willis is ideally placed to help them succeed."
Willis started operations in Melbourne, Australia in 1958. Today Willis has nine offices across Australia and New Zealand. Meanwhile, Willis Financial Solutions specialists are based in London, Hong Kong, Singapore, Melbourne, Copenhagen, New York, Chicago, Los Angeles and Sao Paolo.