Tracy Garrad named AXA PPP healthcare CEO

Tracy Garrad joins AXA UK and Ireland as AXA PPP healthcare CEO
Tracy replaces Keith Gibbs who will be retiring at the end of 2018
Garrad takes up the new role on 7 January 2019

Tracy Garrad has been appointed Chief Executive Officer of AXA PPP healthcare, replacing Keith Gibbs who is retiring.

Garrad, who joins from HSBC, will officially take up the post on 7 January 2019. She was most recently CEO, HSBC Channel Islands and Isle of Man and prior to that was Chief Executive Officer for First Direct, the number one bank in the UK. Garrad will succeed Keith Gibbs who is retiring at the end of the year and will join the Management Committee of AXA UK & Ireland. Her appointment is subject to regulatory approval.

Gibbs joined AXA UK and Ireland in 2001 as the CEO for AXA PPP healthcare. Since arriving, Gibbs has successfully grown the business, establishing it as a market leader in the healthcare space, whilst also sitting on the Boards of AXA UK, AXA Insurance UK, AXA Global Health and AXA Venture Partners.

“I am delighted that Tracy is joining AXA UK and Ireland as our new AXA PPP healthcare CEO. She brings a wealth of experience in large, complex, customer and people centric businesses and this, along with her excellent leadership skills, will further strengthen our management team. I very much look forward to working with her in the next phase for our healthcare business particularly as health continues to be a key strategic focus for the Group.

“I would also like to thank Keith for his excellent contribution over the years. He has grown a strong business with an impressive financial performance and customer service focus whilst also developing innovative products to better meet our customers’ needs, putting in place some core foundations for the future. I wish him all the best for the future.”

Claudio Gienal, Chief Executive, AXA UK & Ireland

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About AXA UK

AXA Insurance UK plc registered in England and Wales under registered number 078950 and authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority under Financial Conduct Authority registration number 202312. Registered office is 20 Gracechurch Street, London, EC3V 0BG.

AXA UK is part of the AXA Group, a worldwide leader in insurance and asset management, with 147,000 employees serving 94 million clients in 50 countries. In 2023, IFRS revenues amounted to Euro 102.7 billion and underlying earnings to Euro 7.6 billion. AXA had Euro 844 billion in assets under management as of December 31, 2023.

In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA Health and AXA Ireland. AXA UK & Ireland employs around 10,000 staff.

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Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 5: “Risk Factors and Risk Management” of AXA’s Universal Registration Document 2022, for a description of certain important factors, risks and uncertainties that may affect AXA’s business and / or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.

Tracy Garrad named AXA PPP healthcare Chief Executive Officer