Ramon de Oliveira

Mandate and number of AXA shares:

• Elected on April 30, 2009 - Term expires at the 2013 Shareholders' Meeting
• First elected to the Board on April 30, 2009
• Number of AXA shares held as of December 31, 2008 : none

As of December 31, 2008

Expertise and experience

Mr. Ramon de Oliveira is a graduate of the University of Paris and of the Institut d'Etudes Politiques (Paris). In 1977, Mr. de Oliveira joined JP Morgan in Paris. After two years in New York, he spent 10 years in London in a number of investment banking as well as sales and trading assignments, including running the firm's European equities business. In 1989, Mr. de Oliveira was asked by the Federal Reserve Bank of New York to lead JP Morgan's entry in the high-yield bond market and to run the Structured Finance practice. In 1991, following additional Fed powers, he founded and led the team of executives who built JP Morgan's Global Equities business; he also oversaw the firm's portfolio of Private Equity Investment. Prior to the merger with Chase, Mr. de Oliveira spent 24 years at JP Morgan & Co. Mr. de Oliveira was a member of the firm's Management Committee since its inception in 1995. Until August 2001, Mr. de Oliveira was Chairman of JP Morgan Asset Management. Upon the merger with Chase, Mr. de Oliveira was the only executive from JP Morgan & Co. asked to join the Executive Committee of the new firm with operating responsibilities. Between 2002 and 2006, Mr. de Oliveira was an Adjunct Professor of Finance at Columbia University. He is now Managing Partner of the consulting firm Logan Pass Partners.

Directorships currently held

• Logan Pass Partners LLC, Managing Director
• Director:Taittinger-Kobrand USA (United States)
• Kauffman Foundation, Trustee and Chairman of the Investment Committee

Previous directorships held during the last five years

• Friends of Education (a New York-based not-for-profit organization), Chairman of the Board
• Director:
  JP Morgan Suisse (Switzerland)
  American Century Company, Inc (United States)
  Sungard Data Systems (SDS) (United States)
  The Hartford Insurance Company (end of mandate April 29, 2009)