AXA plans over­haul of US op­er­a­tions

New Straits Times - - Business / World -

PARIS: AXA chief ex­ec­u­tive Thomas Bu­berl plans to over­haul the group’s Amer­i­can op­er­a­tions, propos­ing to float its Amer­i­can life in­sur­ance and as­set man­age­ment busi­nesses in the first half of next year to free up cap­i­tal. The list­ing of its mi­nor­ity stake fol­lows sim­i­lar plans by ri­vals. The move could al­lay in­vestors’ con­cerns about whether it is nec­es­sary for AXA to re­tain two sep­a­rate as­set man­agers —AXA IM, which is fo­cused on Europe and AXA AB, which op­er­ates in the United States.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.