NEW YORK--(BUSINESS WIRE)--
Company veteran leading commercial business lines
AXA Equitable Life, a leading financial services company and subsidiary of AXA Equitable Holdings, Inc. (NYSE: EQH), today announced Nick Lane has assumed his previously announced position as President of AXA Equitable Life with responsibilities for the company’s Retirement, Wealth Management and Protection Solutions businesses as well as its Marketing and Digital functions.
Nick Lane reports to AXA Equitable Holdings, Inc. President and Chief Executive Officer, Mark Pearson, and joins the firm’s Management Committee. Most recently, he served as CEO and President of AXA Japan, where he was responsible for a $5.4 billion annual revenue1 business and led a team of 9,000 employees and distributors.
“I am pleased to have Nick join our management team and bring his unmatched energy and passion to AXA Equitable Life,” said Mark Pearson, President and CEO, AXA Equitable Holdings. “His extensive background and deep industry experience will strengthen the team and accelerate our ability to deliver differentiated value for our customers, partners and shareholders.”
Lane first joined the company in 2005 and held a variety of leadership roles. Among his key accomplishments are enhancing the business through product diversification and expanding the firm’s distribution channels through alliances with property and casualty carriers. He also launched fee-based versions of the company’s flagship variable annuity products to meet evolving financial advisor and customer needs.
“It is an honor to rejoin my talented colleagues at AXA Equitable Life at an exciting time for the company and the customers we have the privilege to serve,” said Nick Lane, President of AXA Equitable Life. “We have a tremendous opportunity to help even more Americans protect their families and prepare for a dignified retirement by continuing to deliver innovative products and trusted financial advice.”
Lane also led global strategy for AXA Group, oversaw its asset management business and served on the boards of AllianceBernstein, AXA Investment Managers, AXA Private Equity and AXA Real Estate Management.
Prior to joining the company, Lane was a leader in the sales and marketing practice of the global management consulting firm McKinsey & Co. He received an MBA from Harvard Business School and a Bachelor of Arts from Princeton University. Lane also served as a Captain in the U.S. Marine Corps.
ABOUT AXA EQUITABLE LIFE
AXA Equitable Life is a wholly-owned indirect subsidiary of AXA Equitable Holdings, Inc. (NYSE: EQH). Founded in 1859, the company is one of America’s leading financial services providers with 2.4 million customers and more than $209 billion of assets under management (as of 9/30/18). AXA Equitable Life’s mission is to help people retire with dignity, protect their families and prepare for their financial futures with confidence.
ABOUT AXA EQUITABLE HOLDINGS
AXA Equitable Holdings, Inc. (NYSE: EQH) is one of the leading financial services companies in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company (AXA Equitable) (NY, NY), issuer of life insurance and annuity products, and AllianceBernstein. We have been helping clients prepare for their financial future since 1859 and have a combined total of more than 12,100 employees and financial professionals, 5.3 million customer relationships and $668 billion of assets under management (as of 09/30/18).
1 FY18 IFRS Gross Revenues of AXA Japan as reported by AXA Group on February 21, 2019, using the average FY18 €/$ exchange rate of 1.18.