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Axa Investment Managers appoints new chief exec


Axa Investment Managers chief executive Dominique Carrel-Billiard has left the company and is being replaced by Axa Assicurazioni chief executive Andrea Rossi. 

Rossi, who has led Axa’s main insurance operations in Italy since 2008, will also join Axa Group’s executive committee. 

Frédéric de Courtois, chief executive of Axa MPS, the bancassurance subsidiary of Axa in Italy, will take the lead of AXA Assicurazioni.

Axa Group chairman and chief executive Henri de Castries says: “Thanks to Dominique’s actions, Axa IM is well equipped to face the challenges brought on by the financial crisis, and today 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.

“Axa Investment Managers is a truly great company and I am fully confident in Andrea’s ability to lead it towards a new development stage.”


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Rob Reid: Is Steve Webb past his sell-by date?

As pensions minister Steve Webb looks to a potential levy on defined contribution schemes to provide for a level of guarantee employers must wonder if DC is going to end up being that much cheaper than DB after all the costs and obligations are added up. This movement to change is built on the premise […]

Octopus moves to maintain qualifying status for Titan VCTs

Octopus Investments has launched a new venture capital fund to allow three of its existing Octopus Titan funds to retain VCT qualifying status. The Octopus Titan VCTs 1-3 will sell their holdings in four underlying portfolio companies – Zoopla Property Group, Graze, Calastone and Secret Escapes – to a new fund that will be financed by institutional investors and […]


Govt considers governance committees for contract-based pensions

The Government is considering proposals to force pension providers to set up independent governance committees to oversee contract-based schemes. The Government has today published its formal response to the work and pensions select committee’s report on governance and best practice in workplace pensions. One of the committee’s key recommendations was for the Government and regulators […]

PRA demands UK banks find further £13bn in capital

The Prudential Regulation Authority has told UK banks to find another £13bn of capital in addition to the money already raised to strengthen their balance sheets. The PRA’s latest report says there was a £27bn shortfall in the capital requirements of Royal Bank of Scotland, Lloyds Banking Group, Barclays, the Co-operative Bank and the Nationwide […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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