The synergies are good, the cultures fit and the opportunities and growth potential for this new partnership are enormous, said Robert Campbell, Regional Managing Partner and CEO for Asia Pacific. Trowbridge Consulting will retain its identity and become a new DTT service line led in Asia by Regional Director Roger Steel, with Tim Andrews being responsible for general insurance.
The merger of a major independent actuarial firm is without precedent. Trowbridge, with its staff of over 100 consultants, including actuaries, MBA’s, and other professionals in Australia and Asia, was looking to expand its global capabilities. DTT is the fastest growing Big 5 firm globally – with 16,500 people in Asia Pacific and 90,000 people in over 130 countries, backed by massive resources and research.
Campbell, said, Trowbridge Consulting will take a leadership role within DTT’s Australian financial services operations and establish new bridgeheads for this business elsewhere in Asia. Trowbridge will also use its Australian base to assist DTT build its financial consulting and actuarial services worldwide.
Roger Steel, said; Trowbridge is at an exciting and dynamic stage of its development having doubled its size over the last five years. We thought long and hard about cultural fit and business opportunities for our clients and staff. We knew, that with the right partner, we could offer the financial services industries, top end consulting services, as well as supporting our clients’ global growth aspirations. We already have 30 people in offices in Hong Kong, Kuala Lumpur and Singapore and saw enormous growth opportunities in leveraging off DTT’S global operations .
We are delighted at the opportunities that partnering with DTT will give us. We in turn, expect to bring a wealth of financial services industry expertise to DTT. Trowbridge’s actuaries and other consultants now address a wide range of issues that concern the business community everything from strategy, risk management, mergers and acquisitions, e-commerce, customer value, compliance . to capital and profit management.
Trowbridge Consulting will continue to operate from Trowbridge’s existing offices in Hong Kong, Kuala Lumpur, Singapore, Melbourne and Sydney; DTT will provide infrastructure support with systems, knowledge management, accounting, technology and human resources.
