DENMARK – London-based risk management and insurance advisory firm Willis Corroon has bought out DCG Consulting, the Danish advisory company, in a bid to target the country’s growing investment consultancy and unit-linked market.
The move sees Jørgen Leschly, owner of DCG, switch firms to push the new business forward at the client level as head of investment consulting and unit-linked products at Willis Corroon.
Leschly says that the buy-out of DCG by Willis is part of a strategic move by the firm to capture the shift in the Danish market from guaranteed to unit-linked pension products.
“Working together with Kirstein Finansrådgivning, which provides ratings on all funds available for pension investment, Willis is one of the only
companies in Denmark that can provide DC clients with advice on risk levels, stategic asset allocation and tactical asset allocation.”
“Because the market is changing very rapidly away from the former
much loved guaranteed products towards unit link, Willis believes that though this partnership they can get an even larger market share.”
Over the long-term, Leschly says the deal will mean that Willis Denmark will also begin to play a part in selection and advice on the selection of investment managers by DC funds.