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The Actuary The magazine of the Institute & Faculty of Actuaries
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Towers Watson’s Süha Alýcý to head up new Turkish subsidiary

Towers Watson has expanded its presence in Turkey by establishing a new subsidiary - Towers Watson DanÝþmanlÝk Ltd. Þti - in Istanbul. It has also appointed Süha AlÝcÝ, who has been with Towers Watson since 2007, as managing consultant to lead and grow the Turkish business.

The company has been active in the region for over a decade, providing risk consulting, talent and reward and benefits consulting services.

Babloo Ramamurthy, regional manager, EMEA 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 and a commitment 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 AlÝcÝ, 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."