AXA Names Braverman and Joenk to Key Posts
March 23 2017 - 10:14AM
Business Wire
AXA, a leading financial protection company, announced today
that two key executives will assume new responsibilities that will
help maintain the company’s strong momentum. Chief Investment
Officer and Treasurer Josh Braverman has been promoted to head
AXA’s Legacy Book Business, reporting to AXA US Chairman and CEO
Mark Pearson. AXA also promoted Steven M. Joenk to the position of
Chief Investment Officer (CIO), reporting to AXA US Chief Financial
Officer Anders Malmstrom.
“With his extensive experience in shaping the company’s key
strategies, years of solid leadership and knowledge of the
business, I am confident Josh has the qualities to build and lead
our new Legacy Book Business,” said Pearson, who went on to say of
Joenk, “With his deep knowledge of the markets and his experience,
it’s only natural that we’d want Steve as our CIO.”
In his new role, Braverman will strategically manage AXA’s
Legacy Life and Annuity books of business.
As CIO, Joenk will oversee the investment of AXA’s general
account, the assets of which are used to pay benefits to clients.
He remains Chairman of the Board, CEO and President of AXA
Equitable Funds Management Group, LLC (FMG), which (as of 12/2016)
manages more than $100 billion in assets for AXA’s insurance
separate accounts and 1290 Funds retail mutual fund family. Joenk
will continue to report to Head of US Life, Retirement and Wealth
Management Brian Winikoff for FMG-related activities.
Braverman began his career at AXA in 2009 as head of the
Derivatives & Hedging teams, responsible for the development
and implementation of AXA’s derivatives and hedging strategies. In
2012, Braverman became AXA’s Treasurer. He was appointed CIO in
2015, responsible for overseeing AXA’s asset liability management,
asset allocation and overall investment strategy for AXA’s general
account investment and pension portfolios. Braverman continues to
serve as President and CEO of AXA Corporate Solutions Life
Reinsurance.
Prior to joining AXA, Braverman was global head of Derivatives
for AEGON N.V. Previously, he worked for the U.S. Treasury
Department as a sovereign debt advisor, Deutsche Bank as director
of Mortgage Derivatives Trading and Goldman Sachs as vice
president, Fixed Income Proprietary Trading. Braverman is a
graduate of The Wharton School of the University of Pennsylvania,
with bachelor’s degrees in finance and chemical engineering.
Joenk joined AXA in 1999 as a senior vice president, responsible
for creating the sub-advised business model that integrated and
improved many of AXA's separate account oversight functions. During
the financial crisis, Joenk was credited for pioneering innovative
strategies to help reduce fund expenses and address market
volatility in AXA’s variable insurance subaccounts.
Immediately prior, Joenk was managing director of International
Fund Services for MeesPierson, Inc. He also held executive
positions at Gabelli Funds., Inc., and Mitchell Hutchins Asset
Management. At PepsiCo, he was manager of Regional Analysis and
Strategic Planning for North Asia and the Far East. He graduated
from Washington University with a combined M.B.A. and bachelor’s
degree in chemical engineering. He completed coursework for the
Doctoral Program in Finance at Pace University and is currently
working on his thesis.
About AXA
“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: Jersey City, NJ), 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 and annuity products 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 (member FINRA, SIPC).
AXA S.A. (also referred to as “AXA Group”) 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 103
million clients in 64 countries as of Dec. 31, 2015. AXA S.A. has
been ranked the No. 1 insurance brand in the world by Interbrand
for eight consecutive years as of Oct. 5, 2016.
The obligations of AXA Equitable Life Insurance Company and MONY
Life Insurance Company of America are backed solely by their
claims-paying ability. Find AXA
on Facebook, Twitter and LinkedIn. For more
information, visit www.axa.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170323005800/en/
Media:AXAJohn Cline,
212-314-5142john.cline@axa.us.comorJennifer Recine,
212-314-2009jennifer.recine@axa.us.com
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