Henri de Castries

Definition of 'Henri de Castries'


The chairman and CEO of insurer and asset manager AXA since 2000. De Castries has also has been a director of MONY Life Insurance Co., AllianceBernstein Corp., CSFBdirect, Inc., Credit Suisse First Boston USA, Inc., AXF and Harris Direct. At AXA, De Castries assisted with the acquisitions of many companies, including Guardian Royal Exchange and French insurer UAP, cut costs by selling off some of the company's non-core assets, and helped AXA double its earnings. He also expanded the company's global presence.

Investopedia explains 'Henri de Castries'


Born of noble heritage in 1954 in France, De Castries holds degrees in business and law and also graduated at the top of his class from France's École Nationale d'Administration, which prepares students to work for the government. De Castries began his career in the French Finance Ministry Inspection Office in 1980 as an auditor, then worked for the French Treasury before joining AXA in 1989.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  2. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  3. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  4. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  5. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
  6. Re-fracking

    Re-fracking is the practice of returning to older wells that had been fracked in the recent past to capitalize on newer, more effective extraction technology. Re-fracking can be effective on especially tight oil deposits – where the shale products low yields – to extend their productivity.
Trading Center