General Atlantic has appointed Henri de Castries, the former chief executive and chairman of Axa, as chairman of its European operations.
As chairman and special adviser, de Castries will help General Atlantic assess investment opportunities and apply value creation strategies.
“I am honoured to join the firm and look forward to working closely with the investment team and the firm’s portfolio companies at a time when exciting innovation and digital transformation is accelerating across industries and providing significant growth opportunities,” he said.
De Castries began his career in government, working in the French Treasury. He was involved in president Jacques Chirac’s privatisation drive in the mid-80s before joining Axa in 1989.
He held a number of positions at Axa and was appointed chairman in 2000 and chief executive officer in 2010. Twelve months ago he stepped down from his dual roles as after 27 years with the company.
De Castries currently holds non-executive positions at HSBC, Nestlé and the French National Foundation for Political Science. He has also twice been chairman of the Bilderberg Group’s steering committee.
General Atlantic has 21 European dealmakers across offices in London, Amsterdam and Munich. Last week the firm named Aaron Goldman as head of financial services and software for the region.