Management of Charles Monat Associates Completes Management Buyout of Charles Monat LimitedJuly 19, 2017
The management of Charles Monat Associates successfully completed a management buyout of 100 percent of Charles Monat Limited (CML), a part of the Global Wealth Solutions (GWS) business of Willis Towers Watson. S&C represented Mr. Charles Steven Monat, chairman of GWS and founder and former CEO of CML.
Mr. Monat founded CML in 1971 in Hong Kong and, until its sale in 2014 to Willis Group Holdings to be combined with Willis's GWS platform, placed more than $13 billion in coverage. CML is recognized as a leader in introducing large life insurance policies in Asia to help high-net-worth clients meet liquidity needs, create and preserve wealth for their families and find solutions that best suit their business succession plans.
The S&C team was led by Michael DeSombre.