AXA Asia-Pacific Announces 4 Senior Hires For Asia Life Unit

AXA Asia-Pacific Holdings Ltd. (AXA.AU) has made four newly created positions at its AXA Asia Life unit, focused on bancassurance, insurancebrokerage and its agency sales force.

AXA Asia-Pacific is 53.9% owned by French insurer AXA SA (AXA)

Roderick Shay, who was recently a regional general manager of bancassurance for Allianz SE in Asia, Middle East and North Africa, was named regional director for bancassurance.Bancassurance is the sale of insurance products through a bank.

Philip Hayman joined as regional director of proprietary distribution from American International Group Inc., where he held a similar role. He will oversee the group's agency sales in 14 countries in the Middle East, North Africa and South Asia.

Also joining from AIG is Ryan Quinn. He was appointed as regional director of broker and held the role of regional head of independent financial advisor, brokerage and high net worth clients for AIG in Asia.

Laura Wang was hired as regional director of customer management and direct marketing. She was most recently with American International Assurance Co.'s direct marketing division.

The four new hires report to Keith Perkins, the regional chief operating officer of AXA Asia Life.

AXA Asia Life serves 2.5 million customers in eight markets in the region: China, Hong Kong, Indonesia, India, Malaysia, the Philippines, Singapore and Thailand. On Monday, it spurned a US$10.09 billion joint takeover offer from its French parent and Australian wealth management firm AMP Ltd.

-By Amy Or, Dow Jones Newswires; 852-2832 2335; amy.or@dowjones.com

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