AXA UK & Ireland has named Alain Zweibrucker as the CEO of AXA Retail, effective 2 January 2024, pending regulatory approval.
His appointment also includes a role on the UK & Ireland Management Committee, under the guidance of Tara Foley, the UK & Ireland CEO.
AXA UK & Ireland, a subsidiary of the global AXA Group, is a leader in providing insurance solutions to a broad range of customers. The company specialises in various insurance products, including property, casualty, life, and health insurance, catering to both individual and corporate clients. AXA UK & Ireland is known for its innovative approach to insurance, offering tailored solutions to meet the ever-evolving needs of its customers.
Alain Zweibrucker is a seasoned professional with a 25-year tenure at AXA. He has held numerous senior roles in property and casualty insurance across different markets. His most recent position was as Chief Financial Officer at AXA Switzerland, where he was a key figure on the Executive Committee. During his tenure, Alain spearheaded various transformative initiatives, aligning them with AXA’s strategic goals and focusing on growth and earnings.
Alain’s journey with the firm began in Portugal as an actuary, followed by significant roles in Paris and Germany. He has a strong background in financial control, risk management, and property and casualty retail. His technical expertise and result-driven approach, combined with his leadership skills, make him an ideal choice to lead AXA Retail in the challenging market environment.
The company extends its gratitude to Anna Fleming, who admirably fulfilled the role of Interim CEO. Tara Foley expressed confidence in Alain’s capabilities and gratitude towards Anna for her exceptional leadership and support during the transition period.
Alain Zweibrucker, the incoming CEO, shared his enthusiasm for his new role, highlighting the excellence of AXA Retail’s team and his commitment to advancing the company’s business strategy and customer service in an uncertain world. He succeeds Anna Fleming, who will resume her position as Chief Operating Officer.
Tara Foley, who previously led AXA Retail before becoming the CEO of AXA UK & Ireland in September 2023, also expressed her excitement about Alain’s future contributions to the company.
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![Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion[1]. With this implementation, NBI moved from its legacy systems onto the same core banking platform as other entities in the Capital Bank Group. This will enable NBI to operate more efficiently and integrate seamlessly with other systems to develop new products faster and deliver an improved customer experience. Capital Bank Group is a long-standing Temenos customer with other entities in the Group including Capital Bank of Jordan, Bank Audi, Société Générale Bank Jordan and NBI Saudi Arabia, already on the Temenos platform. NBI also becomes the first part of the group to adopt Temenos Payments, which enabled the bank to process more than 100,000 transactions of incoming and outgoing domestic and international payments in the first 15 days of operation, with a 99% straight-through processing rate. The migration to the Temenos platform for core banking and payments at NBI was completed in under 12 months thanks to Temenos’ pre-configured banking and payments capabilities and APIs which reduced the need for complex customizations, as well as close collaboration between Temenos, NBI, Capital Bank and delivery partner ITSS. This success was recently recognized in the IBS Intelligence Innovation Awards, with Capital Bank winning ‘Best Implementation of Core Banking Services'. The implementation at NBI follows several other successful transformation projects with Temenos for Capital Bank in the last few years, including the launch of NBI’s branch operations in Saudi Arabia in just 45 days, as well as the integration of Bank Audi and the former Jordanian operations of Société Générale, each of which was achieved in under four months. Collectively, these projects helped Capital Bank to increase operational efficiency by more than 50% within three years, bringing significant cost savings and an improved customer experience. With faster, more accurate processing and immediate service requests, the bank has maintained high customer retention rates and a reputation for service excellence. Izzidin Abusalameh, Chief Operations Officer, Capital Bank Group, commented: “This achievement marks a significant milestone in our digital transformation journey and positions us as a leading player in the banking industry. We have seamlessly transitioned the National Bank of Iraq to a cutting-edge core banking system which will not only enhance operational efficiency but also support providing our customers with a superior digital banking experience. Our continued partnership with Temenos has not only provided us with an advanced technological platform but has also facilitated a culture of flexibility and adaptability, enabling us to execute our ambitious growth plans.” Lee Allcorn, Managing Director, Middle East & Africa, Temenos, said: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group. With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.”](https://fintech.global/wp-content/uploads/2024/04/rupixen-Q59HmzK38eQ-unsplash-2-218x150.jpg "Flutterwave teams up with Acquired.com to streamline outward remittances in EU and UK")
