Gen Z consumers (i.e., people aged 18-21) are surprisingly more likely than any other age group, including Baby Boomers, to visit a bank branch at least weekly, according to a study from Accenture released in October 2017 – reflecting the heavy cash dependence within their age cohort. The study also found that Gen Z consumers are the most active and engaged group using mobile banking, with all other consumers

Global broker, Marsh in October 2017 appointed Siegmund Fahrig as chief executive officer of its Continental Europe region, succeeding Flavio Piccolomini, who was recently appointed CEO of Marsh’s international division. Based in Düsseldorf, Germany, Fahrig will continue as CEO of Marsh Germany, reporting to Piccolomini. Fahrig previously served as CEO of Marsh’s operations in Germany, Central & Eastern Europe, and CIS. He began his career as an apprentice at

Principal Financial in October 2017 bought MetLife’s pension fund management business in Mexico, MetLife Afore, adding a larger distribution network to Principal Afore’s current business in the country and the fifth largest player in the Mexican mandatory pension, voluntary long-term savings, and mutual funds competitive space. The transaction is expected to complete in early 2018.

Willis Towers Watson (WTW) in October 2017 named Gianmarco Tosti new country leader of Italy, based in Milan. He will also take up the role of Head of Corporate Risk and Broking for Italy. Guido de Spirt, the current Head of Italy, will take on the role of Chairman of Italy. Willis Towers Watson Italy has more than 450 employees in eight offices. At WTW, Tosti has held a