The Axa Group, which this week successfully fought a UK court battle to allowing it to retain control of much of its £1.7bn (€2.7bn) orphan assets cash pile in the UK, has undergone a US board shake up.

In an acknowledgement of the increasing importance of its US arm, Axa Financial, the group has appointed Stanley Tulin, Gregory Wilcox and Lorna Ness as executive officers, taking up group level responsibilities in New York.