February 10, 2014
New York – AXA US, the brand name of AXA Equitable Life Insurance Company and the primary U.S. subsidiary of the global AXA Group (AXA S.A.), today announces the appointment of Dr. Heinz-Juergen Schwering as Chief Risk Officer, replacing Andrew Wallace-Barnett, who has been named Head of Investor Relations for AXA S.A. In this role, Schwering will oversee all financial, insurance, hedging and operational risks to the company, and will be responsible for maintaining the optimal risk discipline model and risk appetite to ensure the continued, sustainable growth of the AXA US enterprise.
Schwering previously held various senior roles at AXA Germany (AXA Konzern AG), including as a member of the Board of Directors, Chief Investment Officer, and Head of the Health Insurance business, where he oversaw strategy, product development, distribution, and claims.
“It is a testament to the strength of the AXA US team that we were able to attract such a talented partner from within the AXA family to fill this important role,” said Chief Financial Officer Anders Malmstrom. “Juergen’s experience as a P&L leader, along with his strategic and risk modeling expertise, will deepen the value we add as a finance organization in helping our business leaders make informed, sound, and objective decisions with respect to the future direction of our company.”
Schwering holds a diploma in economics and business administration from Witten/Herdecke University in Germany and a Ph.D. in economics from Cambridge University. He also conducted his studies in economics at the Ecole des Hautes Etudes en Sciences Sociales in Paris, where his academic research focused on the European Monetary Union.
“AXA” is a brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY,NY), MONY Life Insurance Company of America (AZ stock company, administrative office: NY, NY), AXA Advisors, LLC, and AXA Distributors, LLC. In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation’s premier providers of life insurance, annuity, and financial products and services distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.
AXA S.A. is a Paris-headquartered holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC companies. AXA S.A. is a worldwide leader in financial protection strategies and wealth management with 102 million clients in 57 countries as of December 31, 2012.
The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their claims-paying ability.