AXA reveals two key appointments in the US

AXA has promoted two executives, Josh Braverman and Steven Joenk, to assume new responsibilities in the company.

Currently chief investment officer (CIO) and treasurer, Braverman has been appointed to head AXA's legacy book business, reporting to AXA US chairman and CEO Mark Pearson.

In his new role, Braverman will be tasked to strategically manage the company's legacy life and annuity books of business. He will continue to serve as president and CEO of AXA Corporate Solutions Life Reinsurance.

Joenk will replace Braverman as the CIO, reporting to AXA US chief financial officer Anders Malmstrom and overseeing the investment of AXA’s general account.

Joenk remains chairman of the board, CEO and president of AXA Equitable Funds Management Group (FMG), and will continue to report to the head of US life, retirement and wealth management Brian Winikoff for FMG-related activities. Joenk joined AXA in 1999 as senior vice president responsible for creating the sub-advised business model, and played a key role during the financial crisis, the company said.

Braverman joined AXA in 2009 as head of the derivatives and hedging teams. He became treasurer in 2012, and was appointed CIO in 2015. Prior to AXA, he was the global head of derivatives for Aegon.

"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.

He added: "With his deep knowledge of the markets and his experience, it’s only natural that we’d want Steve as our CIO."

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