AXA Equitable Names David O'Leary Executive Vice President and Head of Financial Protection

NEW YORK, July 26 /PRNewswire-FirstCall/ -- AXA Equitable Life Insurance Company announced today that David O'Leary has joined the company to lead the Financial Protection division, which houses AXA's life insurance business. His title, executive vice president, is subject to board approval in September. Mr. O'Leary reports to Andrew McMahon, senior executive vice president and president of the company's Financial Protection and Wealth Management business.

With more than 25 years experience as a life insurance industry executive, Mr. O'Leary will be taking charge of a life insurance operation in the process of expanding its product offerings with an emphasis on meeting heightened consumer demand for financial security in the wake of one of the most volatile periods in recent financial-markets history. In this new role, Mr. O'Leary is responsible for the four major units of the Financial Protection division: Business Management & Operations, Product Life Cycle Management, Product Design & Manufacturing; and Distribution Management.

Mr. O'Leary most recently was executive vice president and chief operating officer of American General Life Insurance Cos., a unit of American International Group.

"We're delighted to have a proven leader like David joining our team at such an exciting time in our 151-year history in the life insurance industry," Mr. McMahon said.

Before joining American General in 2006, Mr. O'Leary headed up the annuity business at Mass Mutual Financial Group, following stints at the Aetna Financial Services division of Aetna Inc., the CIGNA Individual Insurance division of CIGNA Corp., and Security-Connecticut Life Insurance Co. He holds a B.S. in accounting from the University of Connecticut.

About AXA Equitable

In business since 1859, AXA Equitable Life Insurance Company (NY, NY) is a leading financial protection company and one of the nation's premier providers of life insurance and annuity products, as well as investment products and services through its affiliates, including AXA Advisors, LLC. The company's products and services are distributed to individuals and business owners through its retail distribution channel, AXA Advisors and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.

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" refers to AXA, a French holding company for an international group of insurance and financial services companies together with its direct and indirect consolidated subsidiaries. For more information, visit www.axa-equitable.com.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISIN FR0000120628 -Bloomberg: CS FP - Reuters: AXAF.PA).

SOURCE AXA Equitable