General Atlantic Names Ex-AXA Chairman de Castries To Advisory Role

Sep 11 2017 | 11:23pm ET

Former AXA Group chairman and CEO Henri de Castries has joined private equity giant General Atlantic as chairman of Europe and special advisor. 

In his new role, de Castries will advise General Atlantic's investment teams in evaluating investment opportunities in the region and assisting in value creation across the firm’s existing global portfolio companies, the company said Monday.

General Atlantic’s team of special advisors is comprised of experienced senior executives from around the globe that bring decades of operational expertise, specific sector knowledge, and expansive networks to support to the growth initiatives of the firm’s portfolio companies.

De Castries spent a total of 27 years at AXA Group. During this time, he oversaw multiple merger and acquisitions transactions including AXA’s acquisition of Group UAP in 1997 and Winterthur Group in 2007, both of which were instrumental in building AXA Group’s global footprint across 64 countries and reshaping its operations. Beforehand, he served in the French Treasury Department, during which time he was appointed to oversee foreign exchange markets and balance of payments.

“As we continue to deepen our presence in EMEA, we are delighted to welcome Henri as Chairman of Europe and special advisor,” said Bill Ford, CEO of General Atlantic. “With a distinguished career leading one of Europe’s most prominent financial institutions, Henri’s wealth of experience as a global business leader will be an important and valuable addition to both General Atlantic and our global portfolio companies.”

In the EMEA region, General Atlantic has 21 investment professionals based in its London, Amsterdam, and Munich offices and has been investing in the region since 1989 with a total of $6.2 billion invested, as of June 30, 2017. The firm invests in five key sectors: Business Services, Financial Services, Healthcare, Internet & Technology, and Retail & Consumer. The firm as a whole has invested in more than 250 companies and manages more than $20 billion in assets.

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