AXA PE loses execs in New York, Singapore

The firm’s New York office is being run by Benoit Verbrugghe after the departure of the office’s co-heads in the past few months.

AXA Private Equity, the private investment team of the French insurance giant, has lost its US co-heads and a senior member of its Asia team over the past few months.

Daniel Benin and Stéphane Chevrier had been based in New York from where they co-led US operations. Benin left in November 2009 after nine years at AXA. Benin is now a managing partner at a firm called Committed Advisors, which performs buy-side secondaries services, according to Benin’s profile on professional networking site LinkedIn.

Chevrier left the firm in April, according to a source. Chevrier joined AXA Private Equity in 2002, prior to which he worked as a senior auditor at KPMG in Paris. It is unclear if he has joined another private equity firm.


The New York office is being run by Benoit Verbrugghe, senior managing director. Verbrugghe previously worked out of the firm’s Paris office. He joined AXA Private Equity in 1999 in the funds of funds division. Joining Verbrugghe in New York are Vladimir Colas, Mark Benedetti and Marie-Victoire Rozé.

AXA Private Equity recently had another high-profile executive leave: Lachmi-Niwas Sadani. Sadani joined AXA in 2005 and was involved in the opening of the Singapore office – the firm’s first in Asia. Sadani was responsible for all the businesses the firm managed across the region, including funds of funds, secondaries and direct investments.

AXA Private Equity’s Asian team is headed by Christophe Florin, managing director for Asia and a member of the AXA Private Equity executive board.

The firm manages $26 billion, which it invests across private equity – both via director investments and fund commitments – infrastructure and mezzanine. Its other offices are in Paris, London, Frankfurt, Vienna, Zurich and Milan.

Siddharth Poddar contributed to this article.