Axa Group Inc. and one of its subsidiaries, Axa Equitable Life Insurance Co., have formed a unit to leverage the best practices of the company's subadvisory businesses.
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The new unit, Axa Global Sub-Advisory Group, will offer consultative services to Axa subsidiaries.
James F. Mullery, a senior vice president who was most recently chief operating officer of Axa Distributors LLC, the company's wholesale distribution arm, has been named president of the new business.
Axa Equitable Life Insurance Co. is the principal life insurance subsidiary of Axa Financial Inc.
Axa introduced the new business Monday.
