Hess succeeds Roger Urwin who, after holding the position for the past 13 years, will take on a newly created role focusing on the global development and delivery of investment research. Hess has been with Watson Wyatt for almost 20 years and currently serves as the director of the investment consulting practice in the Americas. He is a Fellow of the Society of Actuaries and a Chartered Enterprise Risk Analyst.
John Haley, president and chief executive officer at Watson Wyatt, said: “Carl is an extremely talented individual who is very well placed to take on Roger’s business responsibilities and build on the excellent global platform that Roger has developed.”
Urwin joined Watson Wyatt in 1989 to head up the firm’s UK investment consulting practice and then took on the role of the first global head of investment consulting in 1995. In his new role he will have global responsibility for investment thought leadership and research.
John Haley said: “Roger has started and grown a global investment consulting business that is without peer on almost any measure. His leadership through integrity and by example has been inspirational. He is one of the most influential people in the pensions and investment industry worldwide and, in his new position at Watson Wyatt, we expect to see him at the forefront of developing and implementing outstanding solutions for our clients.”