French buyout firm Axa Private Equity has appointed the head of its New York office to its five-member executive board. The move comes on the same day as large European buyout firm CVC strengthened its US operation.

Axa has appointed Benoît Verbrugghe, the head of its New York office, as a member of its executive board. Verbrugghe will continue in his existing role, the buyout firm said in a statement issued this morning.