AXA Equitable Promotes Kevin Byrne to Executive Vice President - Insurance News | InsuranceNewsNet

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December 11, 2008 Life Insurance News
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AXA Equitable Promotes Kevin Byrne to Executive Vice President

Chief Investment Officer and Treasurer Joins the Company's Executive Management Committee

NEW YORK,Dec. 11/PRNewswire-FirstCall/ -- AXA Equitable Life Insurance Company, the primary insurance subsidiary of AXAFinancial, Inc., announced today that Kevin R. Byrne was recently elected executive vice president by the company's board of directors. Mr. Byrne is chief investment officer and treasurer of AXA Financial and its subsidiaries, including AXA Equitable Life Insurance Company. With this new appointment, Mr. Byrne becomes a member of AXA Equitable's Executive Management Committee.

"Kevin has extensive experience with the company, in-depth knowledge of our business and a reputation for solid financial leadership," said Christopher M. "Kip" Condron, chairman and chief executive officer of AXA Equitable. "Whether it's a bear or a bull market, we can be confident in Kevin's sound investment counsel and prudent risk management."

Mr. Byrne is responsible for the strategy and oversight of the investment portfolios of AXA Financial and its subsidiaries. In addition, he is responsible for the company's treasury functions and hedging programs that support products and investments. Mr. Byrne also provides oversight of the U.S. investor relations activity of AXA Financial's global parent organization, AXA Group. He reports to Richard Dziadzio, chief financial officer.

Mr. Byrne joined the company in 1989. He became treasurer in 1995, a senior vice president in 1997 and chief investment officer in 2004.

About AXA Equitable

In business since 1859, AXA Equitable Life Insurance Company 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 $665.6 billion as of September 30, 2008. AXA Equitable's assets under management are inclusive of assets under management held by an affiliate, AllianceBernstein, L.P.

The company's 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 is the creator of MyRetirementShop.com (www.myretirementshop.com), a lifestyle website that's a one-stop-shop for information and resources to help consumers redefine life in retirement. It's the company's latest innovation in our At Retirement(R) platform, committed to helping individuals near and at retirement make informed choices to enhance and preserve their lifestyle.

AXA Equitable, a subsidiary of AXA Financial, Inc., is part of the global AXA Group, a worldwide leader in financial protection strategies and wealth management. AXA Group's operations are geographically diverse, with major operations in Europe, North America, and the Asia/Pacific region. AXA Group is listed as the 15th largest company in the world on the 2008 Fortune Global 500 list (based on revenues). "AXA Group" refers to AXA, an international financial services holding company together with its direct and indirect consolidated subsidiaries. It had $1.81 trillion in assets under management as of June 30, 2008. Listed on the Paris Stock Exchange, the AXA ordinary share trades under the symbol AXA. The AXA American Depositary Share is listed on the New York Stock Exchange under the ticker symbol AXA. For more information, visit www.axa-equitable.com.

SOURCE AXA Equitable

CONTACT: Discretion Winter, +1-212-314-2968, [email protected], or Jo Ann Tizzano, +1-212-314-2979, [email protected], both of AXA Equitable

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