Towers Watson expands in Turkey
Professional services company,Towers Watson has expanded its presence in Turkey by establishing a new subsidiary – Towers Watson Danışmanlık Ltd. Şti – in Istanbul.
It has also appointed Süha Alıcı, who has been with Towers Watson since 2007, as managing consultant to lead and grow the Turkish business.
Towers Watson has been working with clients in Turkey for the past ten years providing a range of professional services, including risk consulting, talent and reward and benefits consulting services.
Babloo Ramamurthy, Regional Manager, EMEA for Towers Watson said: “Turkey is now a large and rapidly-growing economy with an increasing demand for the services we offer. The opening of our new office in Istanbul is a significant step towards providing the full range of services that our growing client base there requires.”
This development follows Towers Watson’s recent acquisition of EMB, a non-life consulting and software company, and the signing of a definitive agreement to increase its stake in Fifth Quadrant, the independent South African actuarial and employee benefits consultancy, to in excess of 50 per cent within the next year.
Süha Alıcı, Managing Consultant in Turkey, said: “There are an increasing number of multinational companies that have established businesses in Turkey recently. In addition, there are a large number of local companies that are keen to adopt global best practice in many industry sectors. These factors combine to make Turkey a very attractive market for us to do business in and we expect to grow rapidly to satisfy the increasing demand from existing and new clients.”