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AXA promotes two senior execs


Two AXA executives are to assume new responsibilities, with chief investment officer and treasurer Josh Braverman promoted to head AXA’s legacy book business and Steven M Joenk promoted to chief investment officer.

Braverman (pictured) reports to AXA US chairman and CEO Mark Pearson, while Joenk reports to AXA US chief financial officer Anders Malmstrom.
“With his extensive experience in shaping the company’s key strategies, years of solid leadership and knowledge of the business, I am confident Josh has the qualities to build and lead our new legacy book business,” says Pearson.” With his deep knowledge of the markets and his experience, it’s only natural that we’d want Steve as our CIO.”
In his new role, Braverman will manage AXA’s legacy life and annuity books of business.
As CIO, Joenk will oversee the investment of AXA’s general account, the assets of which are used to pay benefits to clients. He remains chairman of the board, CEO and president of AXA Equitable Funds Management Group (FMG), which manages more than USD100 billion in assets for AXA’s insurance separate accounts and 1290 Funds retail mutual fund family.
Braverman began his career at AXA in 2009 as head of the derivatives & hedging teams, responsible for the development and implementation of AXA’s derivatives and hedging strategies. In 2012, Braverman became AXA’s treasurer. He was appointed CIO in 2015, responsible for overseeing AXA’s asset liability management, asset allocation and overall investment strategy for AXA’s general account investment and pension portfolios. Braverman continues to serve as president and CEO of AXA Corporate Solutions Life Reinsurance.
Prior to joining AXA, Braverman was global head of derivatives for Aegon. Previously, he worked for the US Treasury Department as a sovereign debt adviser, Deutsche Bank as director of mortgage derivatives trading and Goldman Sachs as vice president, fixed income proprietary trading.
Joenk joined AXA in 1999 as a senior vice president, responsible for creating the sub-advised business model that integrated and improved many of AXA's separate account oversight functions. During the financial crisis, Joenk was credited for pioneering innovative strategies to help reduce fund expenses and address market volatility in AXA’s variable insurance subaccounts.
Immediately prior, Joenk was managing director of International Fund Services for MeesPierson. He also held executive positions at Gabelli Funds and Mitchell Hutchins Asset Management. At PepsiCo, he was manager of regional analysis and strategic planning for North Asia and the Far East.

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