AXA has announced today the departure of Dominique Carrel-Billiard, Chief Executive Officer of AXA Investment Managers and a member of the AXA Group’s Executive Committee, who has decided to leave the Group. He will be replaced by Andrea Rossi, Chief Executive Officer of AXA Assicurazioni, who will also join AXA Group’s Executive Committee. Frédéric de Courtois, Chief Executive Officer of AXA MPS, will take the lead of AXA’s main insurance operations in Italy.
Henri de Castries, Chairman & Chief Executive Officer of the AXA Group, very warmly thanked Dominique Carrel-Billiard for his management of AXA Investment Managers over the last seven years: “Thanks to Dominique’s actions, AXA IM is well equipped to face the challenges brought on by the financial crisis, and today AXA IM boasts a solid balance sheet and strong investment performances. Growth is back, and the net positive flows recorded since June 2012 are continuing at an accelerated pace. The foundations on which AXA IM’s teams will continue to develop the company to serve our clients are therefore excellent. I wish Dominique all the best in his future endeavors.”
“It is with pride and gratitude for AXA IM’s teams that I look back on the last seven years during which I led them through extraordinarily tough market conditions. I thank them for their professionalism and their commitment. I would also like to thank Henri de Castries for the trust and support he gave me throughout these years. It was a very rewarding experience and I am now leaving AXA to pursue other professional projects. I would like to offer Andrea and all AXA IM employees all my best wishes for their future successes” said Dominique Carrel-Billiard.
Andrea Rossi is appointed Chief Executive Officer of AXA Investment Managers and will join AXA Group’s Executive Committee. He has been Chief Executive Officer of AXA Assicurazioni since 2008.
Commenting on this appointment, Henri de Castries said: “AXA Investment Managers is a truly great company and I am fully confident in Andrea’s ability to lead it towards a new development stage. Throughout the various positions he has held across the AXA Group, he has demonstrated strong leadership skills, and I know he will be able to rely on the quality of AXA IM’s teams to develop trust-based relationships with our clients, distributors and partners. I am also looking forward to benefiting from his experience and dynamism within our Executive Committee.”
Frédéric de Courtois, Chief Executive Officer of AXA MPS, the bancassurance subsidiary of AXA in Italy, will be appointed Chief Executive Officer (amministratore delegato) of AXA Assicurazioni and will oversee the main insurance operations of AXA in Italy.
Jean-Laurent Granier, Chief Executive Officer of the Mediterranean and Latin America Region of AXA, a member of AXA Group’s Management Committee, said: “I would like to very warmly thank Andrea for the tremendous work he accomplished over the last several years to transform AXA Assicurazioni into a dynamic and profitable company, leaving it prepared and ready to face the new challenges of the industry. I have great faith in Frédéric’s ability to lead all of our insurance operations in Italy. His leadership skills and knowledge of the Italian market make him the ideal person to take on this challenge. AXA MPS and AXA Assicurazioni already work closely together on numerous projects and, while preserving their respective identities, Frédéric will pursue this fruitful collaboration to support AXA’s development in Italy, in the best interests of our clients and distribution networks. I wish him all the best in this new enlarged role, and I know that he can count on AXA Assicurazioni and AXA MPS’s teams to successfully carry out this project.”
These appointments will be effective July 22nd, 2013.
