Asia PR News

ORINDA, Calif. and TOKYO, June 30 /PRNewswire-AsiaNet/ –

Cheng Liao Named Chief Investment Officer for AXA Rosenberg Investment
Management Limited (Japan)

AXA Rosenberg Group LLC, the specialist global equity investment management
firm within the AXA Investment Managers group, announced today the appointment
of Mikifumi Watanabe as chief executive officer of AXA Rosenberg Investment
Management Limited (Japan). Watanabe-san will replace Bruno Guilloton, who
having completed his five-year assignment as chief executive officer of AXA
Rosenberg Japan will return to France to undertake a new role with AXA
Investment Managers.

Building on the firm’s success in the region since first establishing a
presence in the late 1980’s, Watanabe-san will oversee business development and
operations for both AXA Rosenberg Japan and AXA Investment Managers in Japan.
AXA Rosenberg Japan and AXA Investment Managers first combined operations in
Japan in 2002 to provide better service to their existing Japanese clients and
to establish a stronger base from which to further develop business in Japan.
Together AXA Rosenberg Japan and AXA Investment Managers offer a wide range of
specialist investment capabilities across a broad range of asset classes
including fixed income, structured solutions, alternative assets, private
equity, and global equities. Watanabe-san will join the AXA Investment
Managers Executive Committee and the AXA Rosenberg Global Executive Committee
and will report to Stephane Prunet, chief executive officer of AXA Rosenberg
Group.

"We are delighted to announce Watanabe-san’s appointment. We have been
committed to establishing a strong business in Japan, where we are convinced
both a long-term perspective and local approach are key success criteria," said
Mr. Prunet.

In recognition of plans to continue to strengthen and expand business in
Japan, the company also announced that Cheng Liao will assume the role of chief
investment officer for AXA Rosenberg Japan. Cheng Liao, who first joined AXA
Rosenberg in 1989, was instrumental in the development of the company’s Japan
model and in establishing the company’s Asia Pacific business.

Prior to joining AXA Rosenberg Japan, Watanabe-san was the managing
director and head of the Investment Advisory Division of Merrill Lynch
Investment Managers in Tokyo. He has also held roles with Frank Russell Japan,
the Pension Research Institute of the Ministry of Health and Welfare, and
Yasuda Trust and has published numerous articles on pension investment topics
in various journals and newspapers.

About AXA Rosenberg
AXA Rosenberg was established in 1985 to provide specialized equity
investment management services to institutional investors around the world.
Founded by Dr. Barr Rosenberg, who still retains a significant ownership
interest and an active role in the development of equity insights, the firm is
majority owned by the AXA Investment Managers group. Today AXA Rosenberg
manages over $60 billion in individual country, regional and global strategies
for pension funds, foundations and government entities in North America,
Europe, Asia and Japan. For more information please visit www.axarosenberg.com

About AXA Investment Managers
AXA Investment Managers is a multi-specialist asset management company
within the AXA Group, a world leader in financial protection and wealth
management. AXA IM is one of the largest European-based asset managers, with
approximately euro 368.1 billion under management as at the end of May 2005.
AXA IM employs over 2,100* people and serves clients in thirteen countries. AXA
IM offers its clients an extensive range of asset management services: active
fundamental equity management (AXA Rosenberg), fixed income management, classic
and enhanced money-market funds, structured financing (ABS, CDOs, etc.)
structured and balanced management, alternative investments, private equity
(AXA Private Equity), multimanagement (AXA Multimanager), and property (AXA
Real Estate Investment Managers). *(Source AXA IM 31.12.2004). For further
information please visit www.axa-im.com

Contacts:
Yasuo Ogawara Jennifer Morgan
AXA Rosenberg AXA Rosenberg
81.3.0.5766.8884 1-925-253-3447
yogawara@axarosenberg.com jmorgan@axarosenberg.com

Sam Yuide Kate Boyle
AXA Investment Managers GR Communications
44.20.7003.2247 +44 (0) 20 7357 0070
sam.yuide@axa-im.com kate@grcomms.co.uk

SOURCE: AXA Rosenberg Group LLC

CONTACT: Yasuo Ogawara,
81.3.0.5766.8884, or
yogawara@axarosenberg.com, or

Jennifer Morgan,
+1-925-253-3447, or
jmorgan@axarosenberg.com,

both of AXA Rosenberg; or

Sam Yuide of AXA Investment Managers,
44.20.7003.2247, or
sam.yuide@axa-im.com; or

Kate Boyle of GR Communications,
+44 (0) 20 7357 0070, or
kate@grcomms.co.uk

Web site: http://www.axarosenberg.com
http://www.axa-im.com