Aon Holdings BV has completed its buyout of its Russian subsidiary Aon Rus LLC from Corporation Risk LLC.
The broker had owned 49% of Aon Rus and had agreed the acquisition of the remaining 51% with Corporation Risk in late 2005.
Boris Korchemkin will continue as chief executive and has also been appointed general director of Aon Rus. He said: “The acquisition of the remaining shares adds transparency to our legal structure and allows our systems become more efficient. This move reinforces the one Aon vision in Russia.”
Korchemkin also indicated that Aon Rus is planning to expand in 2007: “We are going to move to a bigger office in the centre of Moscow and we are looking to expand our operation through recruiting some outstanding new talent”.
Rim Knaup, Aon chief executive for the Nordic countries, Central and Eastern Europe, Former Soviet Union and Israel, commented: "We are very pleased with this deal and I believe that with the full acquisition of Aon Rus, our organisation is in an even better position to provide our clients with the best solutions. The Russian market is becoming very mature and now we are even better prepared to meet the challenges ahead.”
