AXA has appointed Tara Foley as chief executive officer of UK retail insurance.
Foley will take up the role on 2 November. She will also become a member of the AXA UK and Ireland management committee and will report to the UK and Ireland chief executive officer Claudio Gienal.
Current UK retail insurance chief executive officer Laurent Matras is moving to AXA Asia to take on the role of chief financial officer of AXA Tianping in China from 1 January 2021.
Foley joins AXA from Lloyds Banking Group, where she has been for the past 12 years, most recently as managing director of the Bank of Scotland.
At Lloyds Banking Group, Foley held a range of positions, both in banking and insurance with a particular focus on customer experience and innovation.
Foley has also worked at Deutsche Bank and Accenture.
Announcing the appointment, Gienal said: “Tara’s depth of experience in transformational growth and operational efficiency, as well as her deep understanding of retail customer needs, will be incredibly valuable to AXA. We look forward to working with Tara in continuing to develop and execute our ambitious retail strategy.”
Commenting on her appointment, Foley said: “I am thrilled to be taking on this new role as chief executive officer of AXA Retail Insurance. These are interesting and challenging times not just for our business but for all our customers. I look forward to working with the team to drive strategic business growth and constantly improving the customer experience.”