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Deals & People September 25, 2007
AXA Equitable Appoints Fidelity Exec as Head of Corporate Retirement Planning
AXA Equitable Life Insurance Co. has named William McDermott as Executive Vice President of Corporate Markets, where he will develop retirement solutions for large companies.
Reported by Adrien Martin
McDermott will work with a team to develop offerings related to the company’s existing investment products, guarantees, and financial planning services, according to a company press release.
For the past 11 years, McDermott worked in various divisions of Fidelity Investments, most recently as Executive Vice President of Large Corporate Market Retirement Services and Fidelity Employer Services Co.
McDermott was a Partner in Business Development at Hewitt Associates from 1987 to 1996, where he was responsible for sales and business development in disciplines such as benefits outsourcing and compensation services.
“Bill will explore new marketplaces and distribution channels for our life, annuity, and investment products, thereby contributing to AXA Equitable’s ongoing success,” said Christopher “Kip” Condron, the Chairman and Chief Executive Officer of AXA Equitable, in the press release.