PR Newswire/Les Echos/
AXA PRESS RELEASE
* Andrea Rossi is appointed Chief Executive Officer of AXA Investment
Managers and joins AXA Group's Executive Committee. He will succeed
Dominique Carrel-Billiard, who has decided to leave the AXA Group
* Frédéric de Courtois will lead AXA's insurance activities in Italy
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 there fore 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
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
trustbased relationships with our clients, distributors and partners. I am also
looking forward to benefiting from his experience and dynamism within our
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.
The composition of AXA Group's Executive Committee is available on:
Andrea Rossi began his career at Olivetti in the Finance Department before
having several international experiences at Olivetti Canada and Morgan Stanley.
In 1995, he moved to General Electric Group, first as Product Marketing Manager
for General Electric Lighting Europe and then as Vice President - Six Sigma at
General Electric Capital AFS Europe.
From 1999 to 2000, he worked for Transamerica Aegon as Director of Business
Development & Marketing - Europe
In 2001, he joined the AXA Group as Senior Vice President, Business Support and
Development - Mediterranean Region, Middle East and Latin America, with a
subsequent post of Chief Operating Officer of the MEDLA Region. In 2006, he
moved to Dubai as CEO and Deputy Chairman of AXA Insurance Gulf & Middle East.
Since 2008, he is the CEO of AXA Assicurazioni in Italy.
Andrea Rossi holds a degree in Economics at the "Università La Sapienza" in
Rome, Italy and an MBA from INSEAD in Fontainebleau, France.
Frédéric de Courtois started his career at CGI Informatique in 1990, before
moving on to UAP in 1993 to work in the Corporate Finance team. In 1997, he
moved to the Group Controlling team of AXA. In 2000-2001, he co - managed as
Deputy Head a salaried sales channel and coordinated transversal projects for
the channel at AXA Conseil. In 2001 he was named Deputy CEO of AXA RE (AXA
reinsurance company), in charge of Finance, Legal and Claims. In 2003 he became
CFO of AXA Japan, before being appointed Deputy CEO of AXA Life Japan in charge
of Finance, Marketing and Offer, and CEO of AXA Japan & Asia-Pacific P&C in
Since 2007 he is CEO of AXA MPS Vita, AXA MPS Danni and Chairman of AXA MPS
Frédéric de Courtois is graduated in Engineering, from the "Ecole Nationale
des Télécommunications Paris", from the French Actuarial Institute and from
the Collège des Ingenieurs, Management School at the "Ecole Nationale des Ponts
ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers is one of the largest asset managers based in Europe,
with EUR562 billion assets under management as of March, 31st 2013. Leveraging
its multi-expert business model, AXA IM offers local and global investment
solutions to a wide clients base, being the AXA Group and its insurance
companies and institutional investors and distributors. Operating in 22
countries across the world, AXA IM has more than 2,400 employees that
represent 79 nationalities.
ABOUT AXA IN ITALY
AXA is present throughout Italy in a multi-distribution perspective. AXA
Assicurazioni operates throughout a network of about 660 agencies and
distributes its insurance and financial products providing ad hoc consulting
service to ensure a complete protection (www.axa.it). AXA MPS is the strategic
bancassurance platform partnership established in 2007 with Montepaschi banking
AXA is also present in the Italian market with further specialized insurance
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with
close to 160,000 employees serving 102 million clients in 57 countries. In
2012, IFRS revenues amounted to Euro 90.1 billion and IFRS underlying earnings
to Euro 4.3 billion. AXA had Euro 1,116 billion in assets under management as
of December 31, 2012.
The AXA ordinary share is listed on compartment A of Euronext Paris under
the ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters:
AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform
under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as
Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme's Finance Initiative
(UNEP FI) Principles for Sustainable Insurance and a signatory of the UN
Principles for Responsible Investment.
THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE
Investor Relations: Individual Shareholder Relations:
Mattieu Rouot: +126.96.36.199.46.85 +188.8.131.52.48.43
Jennifer Lejeune: +184.108.40.206.39.27
Yael Beer-Gabel: +220.127.116.11.47.93
Florian Bezault: +18.104.22.168.59.17
Stéphanie Bonel: +22.214.171.124.48.15
Clémence Houssay: +126.96.36.199.73.22
Sulabh Kakkar: +188.8.131.52.48.91
Varvara Romanenco: +184.108.40.206.73.63
Garance Wattez-Richard: +220.127.116.11.46.42
Hélène Caillet: +18.104.22.168.55.51
AXA Investment Managers:
Laurent Sécheret: +22.214.171.124.73.66
AXA MPS / AXA Assicurazioni:
Isabella Falautano: +39.06.50.87.02.97
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Certain statements contained herein are forward-looking statements including,
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events, trends, plans or objectives. Undue reliance should not be placed on
such statements because, by their nature, they are subject to known and unknown
risks and uncertainties. Please refer to the section "Cautionary statements" in
page 2 of AXA's Document de Référence for the year ended December 31, 2012, for
a description of certain important factors, risks and uncertainties that may
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-0- Jun/25/2013 08:16 GMT
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