Howden Specialty draws energy specialist from Alesco

Howden Specialty,  a newly-formed group combining the broking operations of RKH Specialty with Howden Broking Group, is investing in a new natural resources division in the Asia Pacific region.

The broker has hired Matthew Savitt in Singapore to lead the APAC natural resources division, boosting its capabilities in both global and regional upstream, downstream, power generation and sustainable energy markets.

Savitt joins the company from Alesco in London, where he headed its power and utilities team. He has more than 12 years’ experience working across the energy sector, including periods at JLT and UIB.

Savitt will work closely with Howden Specialty’s other hubs in Miami, Bermuda, London, Luxembourg and Dubai, reporting to Paul O’Neill, CEO of Howden Specialty Asia Pacific.

O’Neill said: “This is a great time for Matthew to join us, particularly with the significant challenges facing clients in the oil, gas and power industry in Asia Pacific. His vision, experience and energy will help us to build on the strong foundations put in place by our International Property team over the last decade as we now invest in building a new market-leading natural resources broking capability.”

Savitt commented: “Our vision for Asia-Pac is consistent with our strategy for all the regional hubs in key international markets - to be recognised as experts in our individual product lines, delivering the highest level of service, with best-in-class talent, pioneering solutions and embracing technology. This is part of a long-term commitment to clients, markets and partners. I am excited to be joining such a dynamic company and to be developing a region with so much opportunity and potential.”