简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The French broker Gras Savoye has changed its name to Willis Towers Watson, abbreviated as WTW, as announced by the two businesses on Monday.
This development testifies to a true process of integration of the French subsidiary within the group and of a transformation of the entity itself, explains AFP the general manager Cyrille de Montgolfier.
It also led to the disappearance of a brand born in 1907 and the merger of brokerage and advisory activities on French soil.
France, through the activities of Gras Savoye, represents the third largest market of the WTW group in the world behind the United States and the United Kingdom, with a turnover for 2020 of 508.7 million euros, expected in growth in 2021.
Long number one in France, Gras Savoye was downgraded to second place last year after the merger of Siaci Saint Honor and Diot, a group which weighs nearly 700 million euros in turnover.
The company claims a balanced source of income between large CAC 40 groups and small and medium-sized enterprises established in the regions.
Gras Savoye joined at the end of 2015 what was then Willis Group (before the completion of its merger with American risk consulting firm Towers Watson), which held 30% of the shares and which had offered itself the remaining 70%. from the founding family, the private equity firm Astorg and the managers.
save up to 50% on your borrower insurance
The fate of Gras Savoye could have been quite different if the merger of numbers two and three of the global brokerage Aon and Willis Towers Watson had not failed in 2021, the European Commission asking at the time that the French broker be terminated in case completion of the operation.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Maxim Group LLC has reached a settlement with the Financial Industry Regulatory Authority (FINRA), agreeing to pay a fine of $75,000 due to violations related to their reporting practices. This fine comes in the wake of insufficient disclosures in the firm’s public quarterly reports on the handling of customer orders in National Market System (NMS) securities.
Choosing a reliable broker is crucial for both novice and experienced traders. Emarlado, a forex broker registered in Saint Lucia, has emerged in the market over the past two years, offering a variety of trading instruments ranging from currency pairs and stocks to cryptocurrencies, commodities, and indices. However, recent developments have raised concerns about the legitimacy of this broker, prompting many to question whether Emarlado is suspected of fraud.
Swissquote introduces fractional shares and crypto trading, offering affordable and flexible investment options with a new saving plan for diversified portfolios.
Elite Pro Markets is an unregulated, inaccessible Forex broker with no physical office. Rated 1.5 on WikiFX, it's a scam you should avoid.