Oliver Wyman appoints Paul Ricard as Asia-Pacific head of insurance and asset management

Date – 16-Aug-2024

Oliver Wyman, a premier global management consulting firm and a division of Marsh McLennan, has appointed Paul Ricard as the new Asia-Pacific Head of Insurance and Asset Management, effective immediately.

Ricard will lead the growth of the firm’s insurance and asset management practice across the region, as reported by FF News.

With its reputation for management consulting and actuarial services, Oliver Wyman operates worldwide and has a significant presence in the Asia-Pacific area. As part of Marsh McLennan (NYSE: MMC), the firm provides strategic advisory services in various sectors, including insurance, asset management, and technology.

In his new role, Ricard will be based in Oliver Wyman’s Singapore office. He will oversee operations and client relationships across Greater China, Southeast Asia, Japan, and Australia, and will focus on developing key client accounts to meet regional demands.

Ricard joined Oliver Wyman in 2011 in New York, where he advised insurance leaders on major growth and transformation projects. His experience includes hosting Oliver Wyman’s Reinventing Insurance Podcast and co-authoring influential thought leadership, including “10 Ideas for Insurance CEOs.” His extensive knowledge of the insurance and asset management sectors makes him well-suited for this role.

Mick Moloney, Partner and Global Head of Insurance, Asset Management, and Actuarial at Oliver Wyman, expressed confidence in Ricard’s appointment, emphasizing the importance of the Asia-Pacific region for the firm’s growth.

“Asia is a crucial growth region for us. With a strong local management consulting and actuarial presence, I am excited for Paul to lead our efforts and ensure we continue to meet our clients’ needs.”

Ricard also expressed enthusiasm for his new role, highlighting Oliver Wyman’s distinctive expertise in insurance, asset management, and actuarial services.

“At Oliver Wyman, we take pride in our unique blend of insurance, asset management, and actuarial expertise, which allows us to assist clients during their most transformative periods. As part of Marsh McLennan, a global leader in risk and insurance advice, Oliver Wyman is exceptionally positioned to support organizations with their strategy and operations, digital solutions, data and analytics, and large-scale technology initiatives. I am thrilled to embrace this new challenge.”