AXA replaces retiring Harlin as executive chairman

Marco Morelli joins from Monte dei Paschi di Siena

AXA Investment Managers has hired Marco Morelli as executive chairman, to replace Gérald Harlin who will retire at the end of September.

Morelli will join the Paris-based asset manager on 14 September from Italian bank Monte dei Paschi di Siena, where he had been CEO. Morelli will report to AXA CEO Thomas Buberl. Harlin, meanwhile, will step down as deputy CEO of AXA and executive chairman of AXA IM when he retires. He will remain a member of AXA IM's board of directors, the company said. Raft of departures at AXA IM amid restructure AXA announced Harlin had postponed his retirement to become executive chairman in December, with then CEO of AXA IM Andrea Rossi becoming Harlin's strategic advisor. Buberl paid trib...