Suzanne van Staveren Joins AXA Equitable as Chief Operating Officer of Its Corporate Markets Business
January 22 2008 - 11:09AM
PR Newswire (US)
NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- AXA Equitable Life
Insurance Co. announced today that it has hired Suzanne van
Staveren as a Vice President and Chief Operating Officer of
Corporate Markets, the company's newly created distribution
channel, which provides retirement plan strategies and solutions to
Fortune 1000 companies and their employees. The announcement was
made by Bill McDermott, Executive Vice President of AXA Equitable
and Head of Corporate Markets. Ms. van Staveren is responsible for
the overall business operations, financial and organizational
management, and administration for the Corporate Markets business.
She also is charged with managing the implementation of Corporate
Markets' strategic business plan and annual operating plan.
"Suzanne has a proven track record in creating, developing, and
sustaining operational controls and administrative and reporting
procedures in the corporate and retirement services marketplace,"
said Mr. McDermott. "These are critical components to executing our
business strategy and growing the Corporate Markets business with a
high degree of operating efficiency and effectiveness." Ms. van
Staveren spent the past 13 years with Fidelity Investments in the
areas of operations, finance, business analysis and client
services. Most recently, she was Vice President, Scale and
Profitability for Large Corporate Market Retirement Services at
Fidelity Employer Services Co. in Marlborough, MA. In that role,
she led a team to analyze the retirement readiness of Fidelity's
largest corporate clients. Ms. van Staveren earned an MBA with a
concentration in Finance from Northeastern Graduate School of
Business in Boston, MA, and a Bachelor of Science degree from
Johnson & Wales University in Providence, RI. About Corporate
Markets AXA Equitable's Corporate Markets provides retirement plan
strategies and solutions to Fortune 1000 companies and their
employees with resources to help at every stage of the retirement
planning process. Corporate Markets offers education, ongoing
support and guaranteed income solutions to individuals as they
accumulate retirement assets in their 401(k) plans, and transition
to the distribution phase at retirement. About AXA Equitable In
business since 1859, AXA Equitable Life Insurance Company (formerly
The Equitable Life Assurance Society of the United States) is a
leading financial protection company and one of the nation's
premier providers of life insurance, annuity and investment
products and services. AXA Equitable's assets under management
totaled $862.2 billion as of June 30, 2007. Its products and
services are distributed to individuals and business owners through
its retail distribution channel, AXA Advisors, LLC; to the
financial services market through its wholesale distribution
channel, AXA Distributors, LLC; and to corporations and their
employees through its corporate distribution channel, Corporate
Markets. AXA Equitable and AllianceBernstein, L.P. are affiliated
companies. AllianceBernstein L.P. is one of the largest publicly
traded global asset management firms in the world. AXA Equitable is
part of the global AXA Group -- a worldwide leader in financial
protection strategies and wealth management. AXA Group's operations
are diverse geographically, with major operations in Western
Europe, North America, and the Asia/Pacific region. AXA Group is
listed as the 15th largest company in the world on the 2007 Fortune
Global 500 list, and had $1.86 trillion in assets under management
as of June 30, 2007. The AXA ordinary share is listed on the Paris
Stock Exchange and trades under the symbol AXA. The AXA American
Depositary Share is also listed on the NYSE under the ticker symbol
AXA. AXA Equitable is a sponsor of the Variable Annuities Knowledge
Center (http://www.variableannuityfacts.org/), an online resource
aimed at helping consumers understand the facts surrounding
variable annuities. The Variable Annuities Knowledge Center is
operated by a standalone non-profit organization and is overseen by
an independent advisory board. DATASOURCE: AXA Equitable CONTACT:
Jo Ann Tizzano, +1-212-314-2979, , or Mary Taylor, +1-212-314-5845,
, both of AXA Equitable Web site: http://www.axa-equitable.com/
http://www.variableannuityfacts.org/
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