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Chief Executive Officer

Rafal Walkiewicz

Head of WCMA Europe

Brian Shea
Managing Directors

Bill Dubinsky
Robert Fleischer
Matthew Morris
Howard Bruch
John Philipsz
Vincent Lien
Senior Vice Presidents

Selina Hu
Vice Presidents

Brad Livingston
Quentin Perrot

Compliance & Legal

Randall Dulecki
Sheri Bloomberg

Team Biographies

Rafal Walkiewicz – Chief Executive Officer, Willis Capital Markets & Advisory

Rafal is CEO of Willis Capital Markets & Advisory (WCMA). He joined Willis in 2014. He brings over twenty years of international experience working with financial institutions and in particular insurance companies. He has a long track record of successful execution of multi-billion and mid-market transactions in developed and emerging markets.

Rafal started his career at BMT Brokers where he managed one of the first Polish independent stockbrokers, asset managers and investment banking boutiques. While at BMT, Rafal executed numerous financing, M&A, private equity and restructuring transactions. He built and led the team that developed the first internet futures trading platform in Poland and designed a new IPO procedure that opened equity market for foreign investments.

Subsequently, Rafal spent ten years at Goldman, Sachs & Co. in New York where as a member of investment banking financial institutions team he advised over $50bn of M&A, financing, anti-raid advisory as well as third party capital, securitization and closed-block transactions, including industry shaping deals: sale of AIG’s international life insurance business, Alico to MetLife, monetization of equity related securities in MetLife Awarded Structured Equity Issuance of 2011 by International Financing Review, and sale of GE’s global reinsurance business to Swiss Re.

Rafal earned M.Sc and PhD in applied economics from Warsaw School of Economics and an MBA from Harvard Business School. He is an accomplished author and researcher of financial institutions business models.

Brian Shea – Head of WCMA Europe

Brian joined Willis in August 2015 as Head of Willis Capital Markets and Advisory Europe. Previously Brian was the Chief Corporate Strategy Officer at the global reinsurer SCOR. Prior to SCOR, Brian was Managing Director and Head of the European Insurance Equity Research team for Bank of America Merrill Lynch. During this time he consistently led his team to a number one ranking in the annual Institutional Investor survey. He holds an MBA from London Business School and a BA in Economics and Mathematics from Bates College, Maine, USA.

Bill Dubinsky – Managing Director & Head of ILS

Bill heads the WCMA insurance-linked securities effort in cat bonds, sidecars, ILS funds, contingent capital and derivatives. Since 1997, he has participated in more than 65 deals placing over $11 billion of ILS. Clients include reinsurers, insurers, government entities and corporate clients worldwide. He joined from Swiss Re Capital Markets, where he had lead responsibility for ILS origination and structuring. Previously, he worked at Merrill Lynch focusing on M&A and capital raising for insurers. He also worked with Aon Capital Markets in the initial years of the ILS market. Bill earned a B.A. from Harvard College, a J.D. from the University of Michigan Law School, and an MBA from the Kellogg School of Management.

Bob Fleischer – Managing Director

Bob brings to Willis over 30 years of experience as a strategic advisor to (re)insurance companies. He was a managing director in the Financial Institutions Groups at Banc of America Securities, Credit Suisse, and Donaldson, Lufkin & Jenrette and handled over 35 merger and acquisition transactions and 60 capital raising transactions over the last 20 years.

Matthew Morris – Managing Director

Matthew joined Willis in 2009 from Banc of America Securities where he was a Managing Director in the Financial Institutions Group specializing in M&A advisory and capital raising for insurance clients. He has experience working on over 50 M&A and capital raising transactions for many of the most high profile companies in the insurance industry. Matthew is a graduate of Villanova University and The University of Michigan Business School.

Howard Bruch – Managing Director

Howard distributes insurance-linked security new issues and trades ILS in the secondary market. He has worked in the banking sector for over 25 years. Howard joined Willis Capital Markets & Advisory in 2005 after acting as Head Forward Trader at Deutsche Bank. He has extensive experience in derivative structuring and trading. Howard earned his B.S.B.A. from Boston University and an MBA from the Wharton School.

John Philipsz – Managing Director, Australia

John joined Willis in 2010 from Bank of America in London where he was a Director in the Financial Institutions Group. He has broad experience in the UK financial services industry having executed numerous M&A and financing transactions for both public and private clients, primarily in the insurance sector. Prior to Bank of America, he worked in the Financial Institutions Group at Noble & Company in London, and at Merrill Lynch in New York and Tokyo. John is a graduate of Trinity College, Dublin.

Vincent Lien - Managing Director

Vincent joined Willis Capital Markets & Advisory in 2016 from Deutsche Bank Hong Kong where he was a Director in the Financial Institutions Group. He has broad experience in the Asia Pacific financial services industry having executed various M&A and financing transactions for both public and private clients. Prior to Deutsche Bank, Vincent worked in the Financial Institutions Group at Bank of America Merrill Lynch in Hong Kong, and at Merrill Lynch in New York. He earned his B.A. in Mathematics and Economics from Whitman College in Washington, and his M.A. in Economics from the New York University.

Selina Hu - Senior Vice President

Selina joined WCMA in 2015 from Fosun Group in Shanghai where she was Executive Director of Insurance M&A. She has accumulated rich experience in the insurance industry having led and executed several cross-border M&A and NewCo setup projects in the U.S. and Asia. Selina has also participated as Board Member for some portfolio companies. Prior to Fosun, she worked for Munich Reinsurance and Taiping Life Insurance in the actuarial discipline. Selina is a graduate of the University of Science & Technology of China and of Cass Business School, City University of London. She is Fellow of the Society of Actuaries.

Brad Livingston - Vice President

Brad joined the Willis Capital Markets & Advisory team in 2013. Prior to this he worked for Guy Carpenter's investment banking division, GC Securities, where he focused on the marketing, origination and structuring of insurance-linked securities for global insurance and reinsurance companies. He has experience working on 20 ILS transactions, raising over $4 billion in capacity for global reinsurance and insurance clients. Brad graduated Magna Cum Laude with a B.S. in Finance from Taylor University and earned an MBA from New York University.

Quentin Perrot - Vice President

Quentin joined Willis Capital Markets & Advisory in 2014 from BNP Paribas where he led the origination and structuring of ILS on a global basis. Prior to this, Quentin was a Credit Analyst with BNP, where he performed credit analyses and reviews for insurance clients in the UK, the Netherlands and Scandinavia. Quentin graduated from École de management de Lyon with a MSc in Management.

Sheri Bloomberg – Chief Counsel

Prior to joining WCMA in 2010 as Chief Legal Counsel, Sheri was a partner in the corporate department of Dewey + LeBoeuf LLP. She has over 17 years experience providing legal advice on all aspects of merger and acquisition and corporate finance transactions with a focus on the insurance industry. Representative M&A transactions include the sponsored demutualization of Security Benefit Mutual Holding Company by Guggenheim Partners; Aviva's acquisition of AmerUs Holdings. Ms Bloomberg is a 1993 graduate of Yale Law School.

Willis Capital Markets & Advisory (“WCMA”) is a trade name used by Willis Securities, Inc., a licensed broker dealer authorized and regulated by FINRA and a member of SIPC (“WSI”), Willis Capital Markets & Advisory Limited (Registered number 2908053 and ARBN number 604 264 557), an investment business authorized and regulated by the UK Financial Conduct Authority (“WCMAL”) and Willis Capital Markets & Advisory (Hong Kong) Limited, a corporation licensed and regulated by the Hong Kong Securities and Futures Commission (“WCMAL (HK)”). Each of WSI, WCMAL and WCMAL (HK) are Willis Towers Watson companies. Securities products and services are offered through WSI, WCMAL and WCMAL (HK).

Reinsurance products are placed through Willis Re Inc. in the United States and through Willis Limited in the UK, both also Willis Group companies. Although WCMA believes the content of this site to be accurate and complete, it makes no representation or warranty, express or implied, as to the accuracy or completeness of information contained herein and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. The information contained on this site is not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. Nothing contained herein constitutes an offer or solicitation to sell or purchase any securities and is not a commitment by WCMA (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. WCMA is not providing any advice on tax, legal or accounting matters.

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