25 Aug 2016 07:00
Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy, and people, and the Singapore Economic Development Board (EDB) today announced the launch of the Asia Pacific Risk Center (APRC) in Singapore. The center is MMC’s inaugural risk research institute in Asia Pacific, providing insight and analysis to government leaders and corporate executives.
Drawing on expertise from MMC’s four operating companies, Marsh, Guy Carpenter, Mercer, and Oliver Wyman, the APRC will further strengthen Singapore’s position as a hub of intellectual-capital generation by creating a dozen new research positions in the city and bringing leading experts from academia and industry together at conferences and workshops. Oliver Wyman partner Wolfram Hedrich will serve as the APRC’s Executive Director, based in Singapore.
In connection with the APRC’s launch, the center released its first report, which focuses on the urgency and significance of current and projected costs of elderly healthcare in Singapore and across the region. Other upcoming APRC reports will focus on infrastructure financing and energy related issues, analyzing key risks facing industries, governments, and societies in Asia Pacific.
“The APRC will generate new perspectives on the major risks facing Asia Pacific industries, governments, and societies today,” said John Drzik, Chairman, Global Risk Center, Marsh & McLennan Companies. “By leveraging actionable insights from the APRC, businesses and governments will be able to respond to threats and challenges faster, and stay ahead of the curve.”
“We are delighted that Marsh & McLennan has chosen to locate its first risk center for Asia Pacific in Singapore,” said Kelvin Wong, Assistant Managing Director, EDB. “Its decision is testimony to the importance of Hub Services as a growth driver for the Singapore economy, and will be a great boost to our business-research ecosystem. Global professional services firms can tap Singapore’s talent base and industry capabilities to develop innovative insights and develop pioneering, multi-disciplinary services for clients in Asia and beyond."
The APRC will extend MMC’s global research network to Asia and add new partnerships with universities and research institutions in Singapore’s local research ecosystem for co-development of intellectual property. Additionally, the APRC announced the launch of its digital news hub, BRINK Asia, sponsored by MMC in partnership with Atlantic Media Strategies. BRINK Asia will provide up-to-the-minute insights relevant to top executives and policy leaders on current and emerging risks relevant to the Asian market. To subscribe to BRINK Asia, please visit www.brinknews.com/asia.
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE: MMC) is a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. Marsh is a leader in insurance broking and risk management; Guy Carpenter is a leader in providing risk and reinsurance intermediary services; Mercer is a leader in talent, health, retirement and investment consulting; and Oliver Wyman is a leader in management consulting. With annual revenue of $13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies provides analysis, advice and transactional capabilities to clients in more than 130 countries. The Company is committed to being a responsible corporate citizen and making a positive impact in the communities in which it operates. Visit www.mmc.com for more information and follow us on LinkedIn and Twitter @MMC_Global.
About the Asia Pacific Risk Center (APRC)
The Asia Pacific Risk Center is Marsh & McLennan Companies’ research institute dedicated to analyzing the key risks facing industries, governments, and societies in Asia, and identifying practical ways to build resilience and realize opportunity. The APRC helps decision makers address these risks through research and insight that combine MMC’s rigorous analytical approach to risk management with leading thinking from renowned research partners.
About BRINK Asia
BRINK Asia (www.brinknews.com/asia) is a digital platform made possible by Marsh & McLennan Companies and managed by Atlantic Media Strategies, the digital consultancy of The Atlantic. BRINK Asia delivers practical and timely insights to top executives and policy leaders in the Asia Pacific region and worldwide. It combines knowledge and expertise from across MMC with other leading experts on risk and resilience. BRINK Asia informs global decision makers on current and emerging risks relevant to the Asian market. BRINK Asia is part of the global BRINK digital platform (www.brinknews.com).
Media:Marsh & McLennan CompaniesLaura Schooler, +1-212-345-0370laura.schooler@mmc.comorMedia:Oliver WymanFrancine Minadeo, +1-212-345-6417Francine.minadeo@oliverwyman.com
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