Rank: 9 (Previous rank: 73)
CEO: Henri de Castries
Address: 25 Ave. Matignon
French insurance giant AXA is shrugging off lower margins and slower growth in the U.K., where it has a customer base of 10 million, in favor of expanded business in the East. A $4.1 billion sale of its British life and savings units to buyout fund Resolution could provide cash for growth as it expands its life insurance and wealth-management businesses.
With AXA’s Asia Pacific revenues shooting up 50% from a year ago, the company hopes to triple its earnings from emerging economies such as Thailand, Indonesia, and Malaysia by 2015.
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|Company||2009 Number of Employees|
|China National Petroleum||1,649,992|