AXA Equitable Life has promoted Aaron Sarfatti to Chief Risk Officer, effective 1 October 2018. He succeeds Jurgen Schwering, who, after four years as Chief Risk Officer of AXA Equitable Life, has announced his intention to pursue new opportunities in his native Germany.
Sarfatti will assume responsibility for the company’s enterprise risk management function reporting to AXA Equitable Holdings President and Chief Executive Officer Mark Pearson. He previously served as Managing Director and Head of Strategy for the company’s Life, Retirement and Wealth Management businesses.
“Aaron’s deep industry experience and proven commitment to risk discipline make him the ideal choice for this position,” says Mark Pearson. “Since joining AXA Equitable Life, Aaron has made a number of strong contributions across our businesses, and I am confident in his ability to lead this important function. We remain committed to a disciplined risk management strategy and understand its vital importance in driving our ability to grow our business, optimise capital and return value for shareholders.”
Sarfatti has more than 15 years of experience working in financial services, life insurance, asset management and retail banking. Prior to joining AXA Equitable Life, he served as a partner with global management consulting firm, Oliver Wyman, in its North American Insurance Practice. This included a four-year role as head of the firm’s New York office.
Sarfatti received a Bachelor of Science in Engineering degree in Computer Science from Princeton University, where he also received Certificates of proficiency in Finance and Public and International Affairs. He is a credentialed actuary.