AXA has announced that Gérald Harlin, its deputy CEO and chairman of AXA Investment Managers (AXA IM), will step down at the end of September after 30 years with the group.
He will remain a member of AXA IM’s board of directors following his retirement, however.
In addition, the insurance giant announced that Marco Morelliis will assume the role of chairman at AXA IM, as well as become a member of AXA’s management committee.
He will report to Thomas Buberl, CEO of AXA, and take office on 14 September.
Thomas Buberl, CEO at AXA, said: “I would like to warmly thank Gérald for his very significant contributions to AXA’s success and his decisive role in making the group a world leader in insurance.
“I would also like to thank him for postponing his retirement last year to take over the leadership of our asset management entity AXA IM, to which he and his teams have given a new impetus by putting in place a new organization that is better adapted to its future development.”
He added: “I am very happy that Marco is joining AXA. His 36 years of experience in banking and financial services, extensive knowledge of European markets and proven leadership will be key assets to further develop AXA IM. All the members of AXA’s Management Committee join me in wishing him the best in his new role.”
Harlin said: “I am very happy to have carried out this mission for the Group and proud of what has been achieved with AXA IM’s teams.
“Thanks to its new streamlined organization, based on two strategic operational pillars, “Core” and “Alternative” investments, AXA IM is ready to pursue its development under Marco’s leadership.”
Morelli said: “I look forward to working with the teams and drawing on their recognized expertise to take AXA IM to a new stage of growth and development, in line with AXA’s strategy.”