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Axa: simplification of organisational model.

(CercleFinance.com) - On Monday AXA announced a simplification of its organisational model, which the group said will give more power to operational entities to implement their transformation plans, and which will be closer to clients, a model that will be operational in the first quarter of 2018.

The insurance company will operate across five geographic zones (France, Europe, USA, Asia and International) and will have a single simplified corporate center (compared to the three levels that have been in place to date, namely, the company's headquarters, business lines and regions).

The key transversal entities will be managed alongside the five geographical areas, including AXA Investment Managers (asset management) and AXA Corporate Solutions (insurance of major international risks), which will report directly to the group's CEO.

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