AXA UK’s Richardson to Retire; Robinson Named to Post

AXA UK announced that Ian Richardson will retire as Group Business Risk Director of AXA UK effective Dec. 31. He will be replaced by Ian Robinson, currently the Chief Operating Officer of HSBC Insurance Holdings.

Richardson, 62, has been “Group Business Risk Director of AXA UK since 2004, with main Board responsibility for Operational Risk, Compliance, Internal Audit, Legal and Company Secretarial matters. He joined AXA’s subsidiary, Sun Life Corporation, as Group Company Secretary in 1993 and was appointed to the same post when AXA UK (then known as Sun Life and Provincial Holdings) (SLPH) was formed in 1995,” said the announcement.

AXA also noted that Richardson had “played a key role in the public offer of shares in SLPH and its listing on the London Stock Exchange in 1996, the merger of Sun Life and AXA Equity & Law in 1997, the acquisition of Guardian Royal Exchange in 1999 and the Scheme of Arrangement in 2000 whereby AXA bought out the minority shareholders in AXA UK.”

Robinson will (subject to regulatory approval) become AXA’s new Group Business Risk Director. He joins AXA UK from HSBC Insurance where he’s currently the COO. His responsibilities include “oversight of operations, risk management and compliance within the insurance operations of the HSBC Group world-wide, including pensions, broking, healthcare, general and life insurance activities,” said the bulletin.

He previously worked as an internal auditor at HSBC, eventually focusing on “insurance aspects of their securities and corporate finance businesses.” He joined HSBC from Deloitte and Touche where he specialized in the London Insurance Market Insurance business and led a range of external audits and consultancy work. Robinson has also worked for the Financial Services Authority (FSA), when he took a leave from HSBC for 12 months to establish the FSA Insurance Risk Review team.”

Source: AXA UK – www.axa.com

Topics AXA XL