According to a company press release, McDermott will work with a team to develop offerings related to the company’s existing investment products, guarantees, and financial planning services.
For the past 11 years, McDermott worked in various divisions of Fidelity Investments, most recently as Executive Vice President of Large Corporate Market Retirement Services and Fidelity Employer Services Co.
McDermott was a Partner in Business Development at
Hewitt Associates from 1987 to 1996, where he was
responsible for sales and business development in
disciplines such as benefits outsourcing and compensation
“Bill will explore new marketplaces and distribution channels for our life, annuity, and investment products, thereby contributing to AXA Equitable’s ongoing success,” said Christopher “Kip” Condron, the Chairman and Chief Executive Officer of AXA Equitable, in the press release.