AXA announced yesterday that Jean-Louis Laurent Josi, CEO of AXA Asia and a Member of the Group Management Committee, has decided to step down from his executive responsibilities. AXA Hong Kong announced that Mr Stuart Harrison will retire from the AXA Hong Kong CEO position, effective August 31.
AXA Asia Life CEO Mr Etienne Bouas-Laurent will succeed Mr Harrison as CEO of AXA Hong Kong from September 1, subject to regulatory approvals. Mr Harrison will become Director & Senior Advisor to continue to lend his experience and expertise to AXA Hong Kong.
Mr Bouas-Laurent is currently focused on expanding the Life & Health business in the region. Prior to joining AXA Asia in 2016, he was CFO at AXA Germany and has also led the Wealth Management business in France.
Mr Laurent Josi will remain with the Group as Senior Advisor, reporting to the Group CEO Thomas Buberl, to ensure an effective leadership transition in Asia until end of 2017. His successor will be announced before the end of the third quarter.
In his eight years as CEO, Mr Harrison built a strong agency channel with manpower increasing over 70%. Of those, close to 1,000 are members of the Million Dollar Round Table, reflecting the high quality of AXA’s agents. He was also named in June CEO of the Year (Insurance) by the Asia Pacific Customer Service Consortium.