Henri de Castries

AAA

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.

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Acquisition

    A corporate action in which a company buys most, if not all, ...
  4. Asset Management

    1. The management of a client's investments by a financial services ...
  5. Corporate Governance

    The system of rules, practices and processes by which a company ...
  6. Inside Director

    A board member who is an employee, officer or stakeholder in ...
Related Articles
  1. Is Your Insurance Company Going Belly ...
    Home & Auto

    Is Your Insurance Company Going Belly ...

  2. How An Insurance Company Determines ...
    Home & Auto

    How An Insurance Company Determines ...

  3. Management Strategies From A Top CEO
    Professionals

    Management Strategies From A Top CEO

  4. When Things Go Awry, Insurers Get Reinsured
    Home & Auto

    When Things Go Awry, Insurers Get Reinsured

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center