The former chief executive in the UK of a major global insurance firm will lead Deutsche Bank’s investment unit.
Nicolas Moreau, ex-CEO of AXA UK, will join the banking giant’s management board on October 1 and will be responsible for Deutsche Asset Management.
Moreau will be based again in London and will initially receive a three-year contract. He will succeed Quintin Price, who stepped down in June for health reasons.
“Nicolas Moreau has a deep knowledge of the asset management industry, both from a supplier and a client perspective,” said supervisory board chairman Paul Achleitner.
“In addition he possesses a wealth of experience as a member of the management board of a complex, global financial institution, providing the ideal basis for further developing Deutsche Asset Management.”
Moreau has been with AXA for 25 years and has held top executive roles. He is currently the president and CEO of AXA France.
He served as CEO of AXA UK from June 2006 to September 2010. He was also the former boss of AXA Investment Managers and AXA Rosenberg.
Related stories:
AXA fined by Central Bank of Ireland
AXA wins lawsuit against father and son fraudsters
