AXA Investment Managers (AXA IM) CEO Andrea Rossi has resigned after being at the helm of the business for six years.
Meanwhile, the group deputy CEO and group CFO Gérald Harlin will now serve as the executive chairman of the business.
He will be tasked with delivering the next stage of the firm’s growth strategy after taking on the new responsibility on 1 December 2019 and report to AXA CEO Thomas Buberl.
All management board members of the firm will report to Harlin, while Rossi will now serve as a strategic adviser to Harlin from this December.
However, Axa had previously announced in its half year results that Harlin would retire at the start of next year.
Additionally, AXA IM board chairman Christof Kutscher has stepped down after holding the role since 2014.
Harlin replaces Kutscher as board chairman immediately.
Buberl noted: “In his different roles, Andrea’s interpersonal skills as well as client-oriented mindset have been instrumental in significantly developing the Group’s business.
“More recently at AXA IM, he led a successful growth strategy and a major transformation to strengthen AXA IM’s position as an active, long term and responsible asset manager. I wish him many successes in his future endeavours.
“I would also like to thank Christof Kutscher for the wealth of insights and contributions he has brought to AXA IM as Chairman of the Board of Directors over the past years and I am happy AXA IM will continue to collaborate with Christof to benefit from his experience.”