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October 16, 2019

AXA Investment Managers CEO and chairman resign in leadership overhaul

AXA Investment Managers (AXA IM) CEO Andrea Rossi has resigned after being at the helm of the business for six years.

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Meanwhile, the group deputy CEO and group CFO Gérald Harlin will now serve as the executive chairman of the business.

He will be tasked with delivering the next stage of the firm’s growth strategy after taking on the new responsibility on 1 December 2019 and report to AXA CEO Thomas Buberl.

All management board members of the firm will report to Harlin, while Rossi will now serve as a strategic adviser to Harlin from this December.

However, Axa had previously announced in its half year results that Harlin would retire at the start of next year.

Additionally, AXA IM board chairman Christof Kutscher has stepped down after holding the role since 2014.

Harlin replaces Kutscher as board chairman immediately.

Buberl noted: “In his different roles, Andrea’s interpersonal skills as well as client-oriented mindset have been instrumental in significantly developing the Group’s business.

“More recently at AXA IM, he led a successful growth strategy and a major transformation to strengthen AXA IM’s position as an active, long term and responsible asset manager. I wish him many successes in his future endeavours.

“I would also like to thank Christof Kutscher for the wealth of insights and contributions he has brought to AXA IM as Chairman of the Board of Directors over the past years and I am happy AXA IM will continue to collaborate with Christof to benefit from his experience.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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