Paul Ricard relocates to Singapore for APAC practice leadership role

Global management consulting firm Oliver Wyman has appointed Paul Ricard as the new Asia-Pacific Head of its Insurance and Asset Management practice.

After almost a decade and a half with Oliver Wyman in the United States, first based in New York and then in California, Paul Ricard has now relocated to Singapore from where he will lead the Insurance and Asset Management practice across the Asia-Pacific region, including in China, Hong Kong, Southeast Asia, Japan and Australia.

Ricard has been tasked with growing Oliver Wyman’s footprint in the sector, leading the development of key client accounts, ensuring that projects and teams are effectively serving the needs of clients, and overseeing practice development.

Commenting on his new role, Ricard said, “At Oliver Wyman, we pride ourselves on our unique combination of insurance, asset management and actuarial expertise, allowing us to serve our clients in their most transformative moments. Oliver Wyman is exceptionally positioned to support organizations with their strategy and operations, digital solutions, data and analytics, and large-scale technology initiatives.”

Meanwhile, with Oliver Wyman being part of Marsh McLennan, a $20 billion professional services group, Ricard said the firm can tap into the expertise of Marsh for risk services, and Mercer for human capital and investments expertise.

“Working alongside our colleagues across Marsh McLennan offers incredible opportunities for us at Oliver Wyman, and our clients,” Ricard stated.

Mick Moloney, Global Head of Insurance, Asset Management and Actuarial, commented: “Asia is an important growth region. We have a strong management consulting and actuarial footprint locally, and I am excited to have Paul take on this role to ensure that we are growing to meet clients’ needs.”