AXA Appoints Fred Makonnen to Divisional Vice President

NEW YORK--(BUSINESS WIRE)-- AXA, a leading financial protection company, announced today that Fred Makonnen has been appointed as Divisional Vice President, charged with broadening AXA’s national focus in the Tax Exempt Retirement Plan Market. He will lead a dedicated national sales team responsible for new business development and sales opportunities, working primarily through AXA’s retail distribution channel, AXA Advisors, LLC. Makonnen joined AXA’s Retirement Plan Services team in 2013 as Regional Vice President and was responsible for market growth in the central region, comprising Texas, Arkansas, Louisiana, Mississippi, Ohio, Kentucky and Indiana.

“We’re looking forward to Fred expanding on his central region success across our nationwide footprint,” said Matt Drummond, head of tax-exempt sales and business development, to whom Makonnen reports. “His success so far has translated to more Americans feeling that they’ve prepared adequately so that they might enjoy a dignified retirement.”

Prior to joining AXA, Makonnen spent 12 years in various senior sales management positions within ING/Voya, including Vice President of institutional sales, where he was responsible for large group acquisitions in the health, education, and government space. Also while at ING/Voya, Makonnen headed African American Multicultural Sales & Marketing, where he was responsible for developing education and communication materials for various underserved markets.

Makonnen holds a bachelor’s degree in business administration from the University of Connecticut. He also holds the Series 7, 66 and 24 securities industry registrations administered by the Financial Industry Regulatory Authority (FINRA).

About AXA

“AXA” is a brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. 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 and annuity products distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC (member FINRA, SIPC).

AXA S.A. (also referred to as “AXA Group”) is a Paris-headquartered holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC companies. AXA S.A. is a worldwide leader in financial protection strategies and wealth management with 103 million clients in 64 countries as of Dec. 31, 2015. AXA S.A. has been ranked the No. 1 insurance brand in the world by Interbrand for eight consecutive years as of Oct. 5, 2016.

The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their claims-paying ability. Find AXA on Facebook, Twitter and LinkedIn. For more information, visit www.axa.com.

GE-119625 (10/16)(Exp. 10/18)

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AXA

John Cline, 212-314-5142

[email protected]

Source: AXA