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Portfolio Management at AXA Financial
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Case Studies |
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"When I got here, the whole model of asking for money was based upon what I referred to as 'emotional appeal.' Whoever screamed the loudest usually ended up with the most," says Paul Bateman, 50, and in his fourth year as director of enterprise governance for AXA Financial Inc. AXA hired Bateman from Citigroup in April 2000 to tackle its IT free-for-all. At AXA, the $7.6-billion U.S. subsidiary of AXA Group, the Paris-based financial-services conglomerate, IT had long been seen as a competitive differentiator—and remains so—but at $300 million, the company's 2000 IT budget would soon equal 70 percent of its total net income. - CIO Insight
Full Story: http://www.cioinsight.com/article2/0,1397,1610165,00.asp
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