Tony Ursano has been named chief executive officer of Willis Capital Markets and Advisory Services, the London-based insurance brokerage Willis Group Holdings announced today.

Willis said Mr. Ursano will lead a new division that expands on the broker's already existing capital markets capability and will focus on advising insurance and reinsurance companies and clients on a broader array of capital markets products and mergers and acquisitions.

Mr. Ursano was previously with Banc of America Securities where Willis said he built and managed the financial institutions corporate and investment banking business for nine years before being named a vice chairman in 2008.

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