Michael Burwell Takes Over The CFO Position At Willis Towers Watson

 

Michael Burwell was recently named the new Chief Financial Officer of the international brokerage firm Willis Towers Watson after the voluntary retirement of the previous CFO Roger Millay. Willis Towers Watson is a London-based advisory firm that works with corporate and individual clients with retirement planning, executive compensation, personal and corporate insurance, HR solutions, employee benefits, and more. Willis Towers Watson works with companies that represent a variety of industries including construction, banking, transportation, technology, and telecommunications.

Michael Burwell is a CPA with an undergraduate degree from the University of Michigan. He has over 30 years of experience in providing accounting and business advisory services. In an interview that was posted on Inspirery.com, he says that networking and building relationships are important for business and personal relationships. Michael Burwell says communication is important in developing these relationships, especially when it comes to listening to what others have to say and being a problem solver.

Michael Burwell touched on some new developments that are happening with Willis Towers Watson. The company recently launched AMX in the United States, which is an investment advisory service that is already providing services in Europe. AMX helps money managers of all sizes save time and money by reducing the aggregation and compliance processes. He says that Willis Towers Watson is already having a lot of success with AMX in America and is excited to see how far this program can go.

Michael Burwell went on to list three career accomplishments that he is most proud of. First, Burwell mentored and helped four associates at his previous company to become partners in that company. Second, he was able to eliminate $500 million in expenses while increasing efficiency at his previous firm without having to lay off any employees. Third, he is proud of negotiating a deal Willis Towers Watson and Google. He says input from the forward-thinking and innovative people at Google will be helpful to Willis Towers Watson over the long-term in creating new products and services.

 

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Learn more about Burwell on https://interview.net/qa-with-michael-burwell-cfo/

Randal Nardone’s Achievements Over The Years

Randal Nardone is the co-founder of Fortress Investment Group LLC and was appointed as the Chief Executive Officer in 2013. He is currently 553rd in the list of Billionaires of the World, published by Forbes.He is one of the esteemed principals who steered the company towards success since its inception in 1998. He is a member of the Board of Directors and the Management Committee of Fortress.

He is an experienced and brilliant asset manager and actively takes part in the company’s course of action. With more powers comes bigger responsibility and as a CEO of Fortress Group, Randal Nardone is entrusted with the job of taking the company to new heights. His job makes him responsible for the client’s money which accounts for an estimate of $40 billion every year, and he has lived up to their expectation with his efforts and smart work. He supervises the financial as well as legal matters of the company.

He earned degrees in both English and Biology from the University of Connecticut and later, earned a Doctor of Jurisprudence from the Boston University.

He worked as a lawyer at the law firm Thacher Proffitt & wood. Later, he joined BlackRock Financial and became a principal there. Randal Nardone also had experience as a Managing Director in UBS, for a brief stint of one year. His next step involved brewing up an idea with like-minded people which revolutionized the market structure, the founding of Fortress Investment Group LLC. in the year 1998. It was the first alternative asset management company that came into existence and was also the first to offer their shares with an IPO in 2007.

In 2017, SoftBank Group Corporation, a multinational based in Japan, acquired Fortress Investment Group for $3.3 billion on the condition the Fortress would work and an independent entity. Randal Nardone’s views on SoftBank’s acquisition of Fortress LLC were very optimistic stating how it would beneficial for the company. With this acquisition, he believes the company would expand with access to more credit sources that would lead to rapid growth. Shares were bought at $8.08 each, and the top management of Fortress Investment Group made a whopping $1.39 billion after the acquisition. The earnings were split based on their holdings in the company. Fortress Group is currently managing assets worth $69.6 billion with 50% in fixed income and the rest split based on the market trend in permanent capital vehicles, credit hedge funds, private equity.

Randal Nardone is handling big responsibilities in the subsidiaries of Fortress Group. He holds top positions in FMA LLC, FM Falstaff Advisors, Florida East Coast Railway, Eurocastle Investment to name a few.

For details: www.crunchbase.com/person/randal-nardone

PSI Pay And Western Union Team Up

The United Kingdom’s PSI Pay entered an agreement with the global financial services provider Western Union so that holders of ecoAccount digital wallets – ecoAccount is part of the line of financial products offered by PSI Pay; PSI Pay oversees the operation of ecoAccount digital wallets and has since the company was founded in 2007 – can transfer electronic money around the globe via the Western Union network.

Such capabilities have been made possible by the integration of Western Union’s financial services capabilities with the platform of PSI-Pay, part of which consists of digital ecoAccount wallets.

Customers of PSI Pay’s network can purchase funds via credit and debit cards via both wu.com – Western Union’s website – and its mobile app.

What is Western Union?

In 1851, the New York and Mississippi Valley Printing Telegraph Company was created by Ezra Cornell, a brilliant mind also known as a founder of Cornell University, a four-year institution of higher education that belongs to the Ivy League network of schools. The company later changed its name to The Western Union Company and is today known for being the largest transporter of telegraphs in the history of mankind, having created the world’s first stock ticker, and being one of only 11 American companies that was traded on the New York Stock Exchange to be tracked by the Dow Jones Transportation Average, a stock index that tracks the world’s best competitors in the transportation industry.

The Western Union Company – almost exclusively referred to as Western Union – is currently known for exchanging money both domestically and internationally throughout virtually all countries on the planet.

What is PSI Pay?

In 2007, PSI Pay was founded in the United Kingdom. PSI-Pay became the first true provider of financial services on the consumer level throughout the United Kingdom as an entity other than a financial institution or bank.

PSI-Pay works closely with GPS, Mastercard, PIF, VISA, and other financial services companies as part of one of the world’s largest, most-interconnected circuits of entities that provide banking services to consumers without having to open and maintain accounts with banks.

The company’s operations are fully authorized by the Financial Conduct Authority – a government agency that is part of the United Kingdom’s federal government – as part of the 2011 Electronic Money Regulations legislation to issue, transfer, hold and otherwise deal with electronic money.

 

Wes Edens Has Been Busy With Several Major Projects Outside Of His Usual Financial Industry Domain:

Wed Edens is one of the most well-known figures in the world of finance. He is one of the co-founders of legendary firm Fortress Investment Group. Before he co-founded Fortress Investment Group, Wes Edens was a partner with Blackrock Financial. He has also been quite busy with several ventures that are a bit out of his usual sphere. Wes’s Brightline train service is revolutionizing the public transport industry and he has also recently become the owner of the world famous Aston Villa Soccer Team.

For years the commute between Miami and Fort Lauderdale has been what could accurately be described as a nightmare for commuters. The thirty-mile distance often times could take as much as multiple hours to traverse. This is all changing now with the advent of the Brightline train service. This service is the product of Wes Edens and Fortress Investment Group. The train service has been making a huge difference for commuters from the beginning and it has been such a huge success that many other U.S. cities are clamouring to get the service in their locations as well.

Chicago to St. Louis is now being targeted as the next line to be added to the Brightline train service. Other city combinations that are being considered are Atlanta to Charlotte and Houston to Dallas. These are all cities that face similar situations as far as commutes that were faced by the residents of Miami and Fort Lauderdale. The success of this initial line is quickly causing the demand for this service to increase.

Wes Edes has also recently partnered with Nassef Sawiris to purchase Aston Villa Soccer Club. The new co-owners are confident that they can work together to rebuild Aston Villa and return it into the ranks as one of the top English soccer clubs, a position that it has traditionally held. A major part of the strategy behind this rebuilding project will include a major strengthening of the structures of the club as well as a rebuilding of the clubs various squads.

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Willis Towers Watson Michael Burwell

Michael Burwell is the CEO of Willis Towers Watson. Willis Towers Watson is an advisory company that provides several services. Their focus is to provide benefits to clients that will be optimized to its fullest potential. Also, to manage risk as well as help clients with growth. To date Willis Towers Watson has 40,000 employees and handles more than 140 countries.

Burwell obtained his bachelor’s degree in business administration and became a certified public accountant. He says that the strategy of being positive is what helped him to grow his business. One failure be mentioned caused him to stop a project he was leading and used it as a learning example and not necessarily as a failure.

Burwell stated that he would tell his younger self that just because you collaborate does not mean you are in agreement and that you cannot make every happy. Michael Burwell states that no one agrees with him about the micro communities. He mentioned that some of the good ideas are from people who actually work within the company. They seem to have a different approach being on the inside.

Burwell mentioned that using the available tools are allowing him to stay productive. A word of advice from Burwell is to continue to network and stay in communication with people within the industry. He mentioned that a challenge that he could see in the future is being able to obtain information and data. The company would have to meet the demand of the data and information.

Michael Burwell was previously working for Pricewaterhouse Coopers LLP for over 30 years. Burwell was involved in the company’s advisory services. He later worked in transaction business and was able to head the central US area. He was also promoted to CFO and COO of Pricewaterhouse Coopers LLP.

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