Posted on 31 Mar 2011
Towers Watson, a leading global professional services company, has expanded its presence in Turkey by establishing a new subsidiary – Towers Watson Danismanlik Ltd. Sti – in Istanbul. It has also appointed Süha Alici, 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 Alici, Managing Consultant in Turkey, said: “There is an increasing number of multinational companies that have established businesses in Turkey recently. In addition, there is 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.”
Towers Watson is a dual-listed company (on the New York Stock Exchange and NASDAQ) with a market capitalisation of over US$ 4 billion (Turkish lira 6.3 billion) and has 156 offices across EMEA, the Americas and Asia. The firm advises some of the world's leading multinational organisations on people and financial issues and has over 14,000 associates worldwide.