Towers Watson has launched a new subsidiary in Turkey called Towers Watson Danismanlik Sti.
It has also appointed Suha Alici, who has been with Towers Watson since 2007, as managing consultant to lead and grow the Turkish business, which will be based in Istanbul.
Towers Watson has been working with employers in Turkey for the past ten years providing risk, reward and benefits consulting services.
This development follows Towers Watson's signing of a definitive agreement to increase its stake in Fifth Quadrant, the independent South African actuarial and employee benefits consultancy, in excess of 50% within the next year.
Babloo Ramamurthy, regional manager, Europe Middle East and Africa for Towers Watson, said: "Turkey is now a large and rapidly-growing economy with an increasing demand for the services we offer.”
Alici added: "There are an increasing number of multinational companies that have established businesses in Turkey recently.
“In addition, there are a large number of local companies that are keen to adopt global best practice in many industry sectors.”
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