This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

AXA Equitable Aligns Management Team To Accelerate Growth

NEW YORK, Nov. 7, 2013 /PRNewswire/ -- AXA Equitable Life Insurance Company, the primary U.S. subsidiary of the global AXA Group, announced today that Senior Executive Director Nick Lane, previously Head of Retirement Savings, has been named Head of U.S. Life and Retirement, responsible for all aspects of manufacturing and distribution for AXA Equitable's Life and Annuity business lines, including Financial Protection, Wealth Management, Employer Sponsored, and Individual Annuity.  He also leads the AXA Equitable Funds Management Group, LLC, an approximately $90.6 billion sub-advised fund complex that supports AXA Equitable's variable life and annuity insurance products.

"Nick's innovative approach to product development, in-force management, and sales has been instrumental to the turnaround and comeback of our Individual Annuity business," said Mark Pearson, President and Chief Executive Officer of AXA Equitable. "I am pleased that his leadership will now be directed toward realizing growth across all of our business lines through creative, sustainable solutions that help Americans achieve financial freedom and flexibility."

In accordance with AXA Equitable's decision to align its management structure to enable business growth and operational excellence, Sharon Ritchey has been named Senior Executive Director and Chief Operating Officer, pending Board approval. As a member of the Executive Committee, Ritchey will oversee operations and technology, including customer service centers, with an emphasis on leveraging AXA's global reach and optimizing organizational nimbleness and flexibility in the U.S. market.

"Sharon brings both P&L experience and operational leadership to this newly created position," said Pearson. "She will simplify, standardize, and enhance our operational and digital infrastructure to deliver an improved experience for our new and existing customers."

Ritchey previously served as Executive Vice President of the Retirement Plans Group at The Hartford. She also led global operations and technology for the Life businesses, and served as the chief operating officer of the U.S. Wealth Management, the North American Property and Casualty, and the Affinity Personal Lines businesses, respectively.

Prior to The Hartford, Ritchey spent four years in senior marketing and Six Sigma quality leadership roles at GE Capital and got her start at Citicorp, with roles of increasing responsibility across the company's retail, banking, and customer service divisions. She holds bachelor's and master's degrees from Eastern Kentucky University, and an M.B.A. from The Kellogg School of Management at Northwestern University.

Lane holds a bachelor of arts degree from Princeton University and a master's degree in business administration from Harvard Business School. He also served as a Captain in the U.S. Marine Corps.

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 insuranceannuity, and financial products and services. The company's products and services are 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 Equitable, a subsidiary of AXA Financial Inc., is part of the global AXA Group, a worldwide leader in financial protection strategies and  wealth management with 102 million clients in 57 countries as of December 31, 2012. "AXA Group" refers to AXA, a French holding company for an international group of insurance and financial services companies together with its direct and indirect consolidated subsidiaries. Find AXA Equitable on  Facebook and  Twitter. For more information, visit  www.axa-equitable.com.

SOURCE AXA Equitable

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,294.03 +28.04 0.16%
S&P 500 2,010.58 -0.78 -0.04%
NASDAQ 4,576.5420 -16.8830 -0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs