NEW YORK, Nov. 24, 2010 /PRNewswire-FirstCall/ -- AXA Equitable Life Insurance Company has announced that Mary Bates, Nicholas Liolis and John Rivett have been elected to the position of senior vice president. The appointments were confirmed during a Board of Directors meeting last Friday.
"AXA Equitable congratulates Mary, Nicholas and John on their promotions," said Christopher M. "Kip" Condron, chairman and CEO of AXA Equitable, and head of the global Life & Savings business line for AXA Group. "Each has made significant contributions to their respective areas, and their strong leadership is integral to our continued success in helping our customers manage and protect their wealth."
Mary Bates serves as the head of Life Underwriting. She reports to Joanne Pietrini-Smith, senior vice president and head of Business Management and Operations for the company's Financial Protection and Wealth Management business. In this position, Ms. Bates is responsible for developing underwriting guidelines and procedures consistent with the company's risk management policies. She manages the underwriting teams supporting both retail and third-party distribution channels. Since joining the company in 2007, Ms. Bates has served as vice president of Underwriting Operations for the third-party distribution channel. Prior to joining AXA Equitable, she held leadership positions in the underwriting departments of Mass Mutual and ING.
Nicholas Liolis is the chief credit officer for the company. He reports to Kevin Byrne, executive vice president and chief investment officer. In this position, Mr. Liolis is responsible for the general account's fixed-income credit portfolio, asset liability management, setting and implementing investment strategy and managing risks in the company's investment portfolio. These duties are critical to preserving the company's capital base and maintaining strong credit ratings. Mr. Liolis has been with the company for 15 years working in the areas of investment analysis and asset liability management as well as fixed income and alternative investment portfolio management.John Rivett is the senior information officer for AXA Equitable's Financial Protection and Wealth Management business. He reports to Michael Healy, senior vice president and chief information officer for the company. Mr. Rivett is responsible for delivering IT strategies that are aligned with the unit's business goals. He oversees the teams responsible for project delivery, fiscal control, operational reliability, vendor management and process improvement. Mr. Rivett joined AXA Equitable in 2007. Prior to joining the company, he was a senior vice president for Marsh, Inc. Earlier, he held technology management positions in several U.S. and UK companies in the insurance sector. About AXA Equitable In business since 1859, AXA Equitable Life Insurance Company (NY, NY) is a leading financial protection company and one of the nation's premier providers of life insurance and annuity products, as well as investment products and services through its affiliates, including AXA Advisors, LLC (NY, NY) Member FINRA, SIPC. The company's products and services are distributed to individuals and business owners through its retail distribution channel, AXA Advisors and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.