A management buyout will see the global wealth solutions group of Willis Towers Watson taken into a separate entity. The unit has given some added details on developments.

Charles Monat Associates, the unit of Willis Towers Watson that is going independent via a management buyout, has given out more detail on its future plans.

“As we await final approval from the regulators in Singapore, we are working to re-launch the Charles Monat brand as an independent entity,”  Sabrina Lau, director – marketing, global wealth solutions, told this news service when asked about the initial announcement earlier this week (see story here).  

“This is very exciting for us as the firm aligns its business to meet the changing needs of our unique client segment which is facing a decade of unprecedented generational wealth transfer.  With the flexibility to act quickly, together with the ongoing alliance with Willis Towers Watson - we are creating a best of both worlds offering for our clients globally,” Lau said. 

Lau said the organisation expects to be online in seven weeks when the final sign-off for the deal is completed. 

The CMA business has been an established brand since 1971, operating in Asia and in other regions. It was bought by what is now Willis Towers Watson in 2014. 

Financial terms of the MBO haven’t been disclosed.