Andrea Rossi, chief executive officer of AXA Assicurazioni, has been appointed chief executive of AXA Investment Managers following the departure of Dominique Carrel-Billiard.
Rossi 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.
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. AXA MPS is the strategic bancassurance platform partnership established in 2007 with Montepaschi banking group.
Henri de Castries, chairman and chief executive officer of the AXA Group, says: “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 endeavours.”
AXA is also present in the Italian market with further specialised insurance companies.