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Axa Financial CFO Tulin Plans to Retire at Year End
(Bestwire Service Via Thomson Dialog NewsEdge)NEW YORK (BestWire) - Axa Financial said Stanley B. Tulin, vice chairman and chief financial officer, plans to retire effective Dec. 31.
Tulin joined Axa Equitable in 1996 as senior executive vice president and chief financial officer. He become Axa Financial's executive vice president and CFO in 1997 and in 1999 was named vice chairman and a director of Axa Equitable.
Axa Financial is a diversified financial services organization with nearly $600 billion in assets under management at year end 2004, of which nearly 90% represents investments managed for third-party retail and institutional clients. Through its operating subsidiaries, Axa Financial provides a broad spectrum of insurance and investment-management services to both the individual and institutional marketplaces.
Until recently, insurance and annuity operations were conducted principally through Axa Equitable and Axa Life & Annuity Co. With Axa Financial's 2004 acquisition of MONY Group Inc., a broader range of life and annuity assets were added to the segment.
On the afternoon of May 17, American depositary receipts of Axa, the French parent of Axa Financial, each representing one ordinary share, were trading at $34.44, down 5.36% from the previous close.
(By Fran Matso Lysiak, senior associate editor, BestWeek: fran.lysiak@ambest.com)
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