NEW YORK, May 26, 2011 /PRNewswire/ -- AXA Financial, Inc.
announced that Ramon de Oliveira and
Andrew J. McMahon have been elected
to the Boards of Directors of AXA Financial, Inc., AXA Equitable
Life Insurance Company, MONY Life Insurance Company and MONY Life
Insurance Company of America. The elections were effective
May 17, 2011. Additionally, de
Oliveira has joined the Audit Committees of all four companies.
"Ramon and Andrew have distinguished track records that include
many achievements within the financial services industry," said
Mark Pearson, president and CEO of
AXA Financial. "We look forward to their valuable insights and
contributions, and we are delighted to welcome them to our
boards."
Ramon de Oliveira
Ramon de Oliveira is currently
managing director of the consulting firm Investment Audit Practice,
LLC based in New York. Starting in
1977, de Oliveira spent 24 years at JP Morgan & Co. From 1996
to 2001, he was chairman and Chief Executive Officer of JP Morgan
Investment Management. De Oliveira was also a member of the firm's
Management Committee since its inception in 1995. Upon the merger
with Chase Manhattan Bank in 2001, de Oliveira was the only
executive from JP Morgan & Co. asked to join the Executive
Committee of the new firm with operating responsibilities. De
Oliveira was an adjunct professor of Finance at Columbia University between 2002 and 2006.
De Oliveira is currently a member of AXA Group's Board of
Directors. He is also trustee and chairman of the Investment
Committee of The Kauffman Foundation; the chairman of the
Investment Committee of Fonds de Dotation du Louvre; a member of
the Investment Committee of The Red Cross; and a director of
Quilvest SA, Taittinger-Kobrand USA and L'Atelier – New York.
Previously, de Oliveira served as a member of AXA's Supervisory
Board and as a director of JP Morgan Suisse, American Century
Company, Inc., SunGuard Data Systems, and The Hartford Insurance
Company. De Oliveira also served as chairman of the Board of
Friends of Education. He received his M.A. in Law/Economics from
the University of Paris
(Paris, France) and his M.A. from
Institut d'Etudes Politiques in Political Science (Paris, France).
Andrew J. McMahon
Andrew McMahon is president of
AXA Equitable Life Insurance Company and a member of the company's
Executive Committee. He has responsibility for the company's
Financial Protection & Wealth Management business, including
life insurance manufacturing, marketing, distribution and in-force
management. McMahon is also chairman of AXA Advisors, LLC, the
company's broker/dealer and retail distribution channel comprised
of more than 5,000 career-contracted financial professionals.
McMahon joined AXA Equitable in March
2005 as senior vice president to launch the company's
Strategic Initiatives Group. Later that year, he was promoted to
executive vice president and was named chief operating officer
of AXA Advisors. He was named chairman of AXA Advisors in 2007.
Before joining AXA Equitable, McMahon was a principal at
McKinsey & Co. and served as a life insurance practice leader
in North America. Prior to
McKinsey, he spent several years in management positions with
various business divisions of General Electric. Mr.
McMahon is a member of the Board of Trustees of Fairfield University. He earned a B.S. from
Fairfield University and an M.B.A. from
Columbia Business School.
About AXA Financial, Inc.
AXA Financial is one of the premier organizations in financial
protection strategies and wealth management. Affiliated companies
include AXA Equitable Life Insurance Company, AXA Advisors, LLC,
AllianceBernstein, L.P., AXA Distributors, LLC and The MONY family
of companies. AXA Financial is a part of the global AXA Group, a
worldwide leader in financial protection strategies and wealth
management. "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. For more information, visit
www.axa-equitable.com.
SOURCE AXA Financial