AXA launches new business unit and appoints Joyce Phillips as CEO

AXA announces the appointment of Joyce Phillips as CEO of a new business unit dedicated to customer innovation and new business models. Joyce will also become a Member of the Management Committee of the AXA Group, effective May 10th.

She will report directly to Thomas Buberl, CEO of AXA. Recently, she was CEO of Global Wealth at Australia & New Zealand Banking Group Limited.

This new business unit will federate AXA’s initiatives aiming at expanding the value chain of insurance services by leveraging new technologies as well as the Groups’ innovation ecosystem. It will operate on a global level with dedicated resources, including existing ventures such as AXA Partners, AXA Next, AXA Strategic Ventures, Kamet. It will also allow the development of new business propositions aligned with AXA’s 2020 strategy.

In the UK this will allow AXA to continue to coordinate and manage our digital and innovation initiatives but will provide a clear view and opportunity to leverage the wider global activity.

Thomas Buberl, Chief Executive Officer of AXA commented:

I am very happy that Joyce Phillips is joining AXA. She is an accomplished CEO with a proven execution track record in the financial industry and a passion for new technologies and innovation. The insurance sector is at a turning point with new trends and opportunities which AXA has started to capture thanks to its vibrant innovation ecosystem. I am convinced that the set-up of this new business unit under Joyce’s leadership will allow us to further leverage our existing capabilities and develop new business models and services in order to accelerate the pace of change for our customers.”

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About AXA

In July 2012 the AXA Commercial Lines and Personal Intermediary businesses came together to form a new single organisation – AXA Commercial Lines and Personal Intermediary.

The business offers brokers a more integrated and consistent approach from AXA which is focussed on their needs as a business – whatever the product. AXA Commercial Lines & Personal Intermediary provides underwriting expertise, offering a range of commercial lines and personal lines products and insurance solutions to our brokers and customers.  AXA Commercial & Personal Intermediary is part of AXA Group, a worldwide leader in insurance and asset management serving 101 million clients

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