Towers Watson has expanded its presence in Turkey by establishing a new subsidiary in Istanbul.
Towers Watson Danışmanlık Ltd Şti. will be lead by managing consultant Süha Alıcı, who has been with Towers Watson since 2007 said the firm, which has offered risk consulting, talent and reward and benefits consulting services in Turkey for the past ten years.
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."
Alıcı, added: "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."
The launch 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% within the next year.
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