Nomura: Casserley’s Steady Hand Should Be Just What Willis Needs

Willis Group Holdings’ current results are “subpar” after turbulent events in recent years such as its HRH acquisition, leadership changes, employee turnover and even the financial crisis, but new management’s “steady hand” should allow the company to “return to top form,” according to a recent analysis.

Nomura analysts Cliff Gallant and Mathew Rohrmann upgraded the broker to “buy” from “neutral,” stating in their comment, “As a company with over 100 years of history (founded in 1828 by Henry Willis), a full breadth of product and a true global presence, we expect that Willis will be around, at least in some form, for a long time to come. That means Willis will experience the ups and downs of any long-enduring entity.