NEW YORK--(BUSINESS WIRE)--AXA, a leader in providing financial security and retirement products, announced today the appointments of the following Regional Vice Presidents for AXA Retirement 360SM in Retirement Plan Services, with Tom Monnerat and Tim Susoev reporting to James O’Connor, head of 401(k) national sales and business development and Sean Duncan and Andy Rosselot reporting to Matthew Drummond, head of tax-exempt sales and business development.
“With these appointments, as part of the rollout of our new open architecture mutual fund program, AXA Retirement 360SM, AXA continues to strengthen its commitment to serve the retirement plan services market, through investing in people in order to provide valued support to plan advisors,” said O’Connor.
“Our mission is to provide a means toward a comfortable retirement to all employees of every tax code,” added Drummond. “With this offering, we look forward to bringing the same service and commitment we have demonstrated for the public school markets to the rest of the Tax-Exempt marketplace.”
Tom Monnerat, Regional Vice President 401(k) Plans, Eastern Region (WV, PA, MD, DE, NJ, NY, CT, RI, MA, VT, NH, ME)
Monnerat joined AXA in February 2017. His responsibilities comprise promotion and sales throughout the Eastern Region, as well as the development of key relationships with consultants and plan sponsors.
With 32 years of retirement plan, investment and financial services experience, Monnerat was a Vice President and Regional Retirement Consultant for Meeder Investment Management, covering the Mid-Atlantic region, prior to joining AXA. He was responsible for promoting Meeder’s investment services, supporting their Retirement Consultants with Meeder’s various fiduciary services and providing Department of Labor updates. Before joining Meeder, he spent 25 years with Alliance Bernstein as a Director and Institutional Retirement Consultant. In this role, he developed an extensive network of clients and contacts throughout the retirement industry and led AB’s Metro New York and Mid-Atlantic regions.
Monnerat’s career began at Drexel Burnham Lambert, working in the retail system, followed by a role in branch administrative capacities with Shearson Lehman. He also worked on the trading desk of a privately held hedge fund. He holds a B.S. in Business Management from St. Peter’s College. He also holds series 7 and 63 securities industry registrations administered by FINRA, in addition to New Jersey insurance licenses.
Tim Susoev, Regional Vice President, 401(k) Plans, Western Region (AK, HI, WA, OR, CA, ID, NV, AZ, NM, UT, MT, WY, CO SD, NE, IA)
Susoev is responsible for growing business in the Western Region, with a focus on understanding of plan design and fiduciary services for plan sponsors and advisors.
With 16 years of experience in the retirement industry, Susoev joined AXA in December 2013. Prior to AXA, Susoev was with ING Retirement Plans as a Retirement Plan Specialist, responsible for growing the San Francisco Bay Area territory with a focus on product positioning, plan design, investment selection and participant education. He started his career with ING Retirement Plans as a Regional Internal Wholesaler.
Susoev holds FINRA series 6 and 63 securities registrations.
Sean Duncan, Regional Vice President, Tax Exempt Plans, Western Region (AK, HI, WA, OR, CA, ID, NV, AZ, NM, UT, MT, WY, CO SD, NE, IA)
Duncan offers an abundance of retirement plan experience from his 18 years in the retirement industry, most recently, at Lincoln Financial Group. He has a proven track record in sales, relationship building, and management of retirement plans. Duncan’s professional background includes positions at Vanguard and Transamerica. Throughout his career, he has sold a variety of plans, ranging from startups through substantially large plans.
With a successful history of developing new territories for previous firms, Duncan specializes in advisor and consultant relations, client management, and competitive positioning. He is responsible for sourcing new business within the 403(b) and 457 markets for the Western Region, with a focus on healthcare, higher education, K-12, not-for-profit, and governmental markets.
Duncan holds series 6 and 63 securities industry registrations, administered by FINRA, and a Life and Health Insurance license in the state of Pennsylvania.
Andy Rosselot, Regional Vice President, Tax Exempt Plans, Eastern Region (WV, PA, MD, DE, NJ, NY, CT, RI, MA, VT, NH, ME)
Rosselot is responsible for leading new business initiatives for the 403(b) and 457 markets in the Eastern Region with a focus on healthcare, higher education, K-12, not-for-profit, and governmental markets.
With over twenty years in the retirement services industry and an extensive background in defined contribution, defined benefit and non-qualified plans, Rosselot has consulted with plan sponsors to optimize investments, plan design, participant education and the understanding of fiduciary requirements. His career has included leadership roles at Diversified Investment Advisors, Allegiant Asset Management, Huntington Retirement Plan Services, and most recently, MetLife Resources, where he was Managing Director of sales.
Rosselot received his B.S. from the E.W. Scripps School of Journalism at Ohio University and his M.B.A. from Tiffin University. He holds FINRA series 7, 63, 65, and 24 securities industry registrations.
The AXA Retirement 360SM defined contribution program consists of a custodial account offered through Reliance Trust Company, LLC, within which plan participants’ chosen mutual fund shares (distributed by AXA Distributors, LLC (member SIPC, FINRA) (“AXA Distributors”)) are held, as well as a group fixed annuity contract issued by AXA Equitable Life Insurance Company (“AXA Equitable”). AXA Equitable and AXA Distributors are located at 1290 Avenue of the Americas, New York, NY 10104, (212) 314-4600. AXA Equitable is solely responsible for meeting the obligations of the group fixed annuity contract. The AXA Retirement Plan ServicesSM platform includes recordkeeping, trading and custodial services to plan sponsors for the program. Reliance Trust Company serves as custodian of mutual funds selected by plan participants. PlanConnect, LLC (100 Madison Street, Syracuse, NY 13202. (800) 923-6669), serves as the platform’s recordkeeper and third-party administrator. AXA Retirement Plan ServicesSM and AXA Retirement 360SM are service marks of the contractual arrangements between affiliated and/or unaffiliated entities within the platform. AXA Equitable, AXA Distributors, and PlanConnect, LLC are separate but affiliated companies. Reliance Trust Company is a separate and unaffiliated company. The investments in this program are subject to investment risks, including possible loss of the principal invested.
“AXA” “AXA” is a brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation’s premier providers of life insurance and annuity products distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC (member FINRA, SIPC).
AXA S.A. (also referred to as “AXA Group”) is a Paris-headquartered holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC companies. AXA S.A. is a worldwide leader in financial protection strategies and wealth management with 103 million clients in 64 countries. AXA S.A. has been ranked the No. 1 insurance brand in the world by Interbrand for eight consecutive years as of Oct. 5, 2016.
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