EUROPE - Watson Wyatt's European head of investment consulting, Kevin Carter, is to retire from Watson Wyatt later this year after taking over the post from Nick Watts in July last year.
Watts, who went on sabbatical late last year, will also retire from the firm towards the end of 2006. Paul Trickett, previously a senior investment consultant at Watson’s, will succeed Carter.
Commenting on the departures, Babloo Ramamurthy, European region manager for Watson Wyatt, said: “Nick and Kevin have made a tremendous contribution to establishing Watson Wyatt as the pre-eminent investment consultancy in the UK and European market place. Through their strong leadership they have provided a powerful platform for our future growth and success. We wish them well in what I know will be a retirement of the very active kind for both of them.
He added: “Paul Trickett has built an outstanding reputation with clients and colleagues alike over his eight years at Watson Wyatt, and he is an excellent choice to lead our Investment Practice going forward.” Carter and Watts will spend their remaining time at Watson Wyatt transitioning client responsibilities and ensuring the seamless handover of their management and governance roles. Watts said: “I have put my heart into building the European business over many years, and while it was very hard work, the results are gratifying – but now it is time for me to retire from Watson Wyatt. It was a great privilege to lead such a successful team of investment people.” Carter said: “In recent times we have been evolving our business model at Watson Wyatt in response to changing client demands. I am confident our franchise and excellent team will continue to prosper under the leadership of Paul Trickett. It has been exciting for me to contribute to our ongoing business success.” Watts managed the business for more than10 years, initially as deputy head, before taking sabbatical.
Carter joined Watson Wyatt four and a half years ago after a wide-ranging career in the fund management industry.
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