Effective July 1, 2007, Andrew McMahon, Executive Vice President of AXA Equitable Life Insurance Company, will become Chairman of AXA Advisors, LLC, the company’s retail distribution channel and broker/dealer. He will succeed Robert S. Jones, ChFC, CLU, who will retire from the company on June 30 after a successful 41-year career. Most recently, Mr. McMahon held the position of Chief Operating Officer of Retail Distribution. He will continue to serve as a member of the company’s Executive Management Committee. The announcement was made by Christopher M. “Kip” Condron, Chairman and Chief Executive Officer of AXA Equitable, to whom Mr. McMahon continues to report.
Mr. McMahon will have overall responsibility for the management of the company’s retail distribution channel, including approximately 6,000 financial professionals and 60 branch offices nationwide and in Puerto Rico. In his role as Chairman, he will continue to drive strategy for profitable growth across retail distribution, focusing on management development, recruiting, retention, and development of new and experienced financial professionals, and veteran productivity.
In making the announcement, Mr. Condron said, “Andrew has made significant contributions in strengthening the efficiency and effectiveness of our retail distribution organization since joining the company in 2005. He is the natural successor to continue to build on the foundation he and Bob Jones created to drive profitable growth across retail, to enhance our value proposition for new and existing financial professionals, and to further align our business processes in pursuit of the company’s long term goals.”
Mr. McMahon joined AXA Equitable in April 2005 as Senior Vice President to launch the company’s Strategic Initiatives Group. In that role he was responsible for the development and implementation of strategies to increase revenue growth in the company’s retail and wholesale distribution channels. He was promoted to Executive Vice President and elected to the company’s Executive Management Committee in September 2005.
Prior to joining AXA Equitable, Mr. McMahon was a principal with McKinsey & Co., serving as a Life Insurance Practice Leader in North America, focusing on distribution and strategy for the retail and third-party distribution operations of many insurance clients. Earlier, he held a series of management positions in several business divisions of General Electric.
Mr. McMahon earned a BS from Fairfield University and an MBA from Columbia Business School.