AXA announced that Marco Morelli, previously Chief Executive Officer of Monte dei Paschi di Siena, will take over as Executive Chairman of AXA Investment Managers (AXA IM) and as member of AXA’s Management Committee.
The news comes after Gérald Harlin, AXA’s current Deputy Chief Executive Officer and Executive Chairman of AXA IM, announced he will retire at the end of September, although he will remain a member of AXA IM’s Board of Directors.
I would like to warmly thank Gérald for his very significant contributions to AXA’s success and his decisive role in making the Group a world leader in insurance. I would also like to thank him for postponing his retirement last year to take over the leadership of our asset management entity AXA IM, to which he and his teams have given a new impetus by putting in place a new organization that is better adapted to its future development. On a personal note, I would like to reiterate that I feel particularly privileged to have worked with him. I know that all AXA employees join me in wishing him all the best in his future endeavors.
Thomas Buberl, Chief Executive Officer of AXA
I am very happy that Marco is joining AXA. His 36 years of experience in banking and financial services, extensive knowledge of European markets and proven leadership will be key assets to further develop AXA IM. All the members of AXA’s Management Committee join me in wishing him the best in his new role
I am very happy to have carried out this mission for the Group and proud of what has been achieved with AXA IM’s teams. Thanks to its new streamlined organization, based on two strategic operational pillars, “Core” and “Alternative” investments, AXA IM is ready to pursue its development under Marco’s leadership
Gérald Harlin, group Deputy Chief Executive Officer and Executive Chairman of AXA Investment Managers
I am honored to join AXA, a world leader in insurance, and to take over the management of AXA IM. I look forward to working with the teams and drawing on their recognized expertise to take AXA IM to a new stage of growth and development, in line with AXA’s strategy
Marco Morelli, Executive Chairman of AXA Investment Managers and member of AXA’s management committee
AXA IM, 100% owned by AXA, is an active, long-term, global, multi-asset investor which works with its clients to provide the solutions they need to help building a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €804 billion in assets under management as at end of March 2020, €+13 billion asset management net inflows and €1.2 billion asset management revenues in 2019, AXA IM employs over 2,350 employees around the world and operates out of 30 offices across 21 countries.
About Marco Morelli
Marco Morelli is a graduate of the LUISS University in Rome. After various professional experiences in Europe at KPMG, Samuel Montagu Ltd and UBS Ltd, he joined J.P. Morgan in 1994 and subsequently became CEO and General Manager of J.P. Morgan Italy and member of J.P. Morgan Europe executive committee. He joined Monte dei Paschi di Siena in 2003 and became Deputy CEO in 2006. He left in January 2010 to become General Manager and Deputy CEO of Intesa San Paolo Group, a position he held until 2012. He then joined Bank of America Merrill Lynch as Vice Chairman Europe, Middle East and Africa and CEO Italy. In September 2016, he became CEO and General Manager of Monte dei Paschi di Siena, a position he held until May 2020. He is Adjunct Professor at the Economics and Finance faculty of the LUISS University in Rome and a member of its Board of Directors. He is a co-founder and Vice Chairman of Fondazione Don Gino Rigoldi, an Italian no-profit organization.
