penn-reinstated-as-head-of-axas-australasian-operations

Penn reinstated as head of AXAÆs Australasian operations

After 10 months in a temporary position while AXA was investigated by the banking regulator, Andrew Penn returns to his old role.
Andrew Penn has been reinstated as the chief executive of AXA Asia-PacificÆs executive Australian and New Zealand operations after 10 months in a temporary role.

Penn was sidelined in September last year after the Australian Prudential Regulation Authority APRA investigated AXAÆs decision to recalculate benefits paid to staff under its superannuation plan.

At the time AXA moved to quell negative media reports by placing him in a strategic development role. For the last 10 months his duties as the head of the Australasian business have been handled by the insurerÆs group chief executive Les Owen.

Owen was short on detail when he reinstated Penn yesterday. ôAndy is one of our most experienced executives and...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222