Axa Investment Managers

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AXA Investment Managers
FormerlyAxa Asset Management
TypeSubsidiary
IndustryInvestment management
Founded1997
Headquarters
Tour Majunga, La Défense, Puteaux, IDF, France
Number of locations
22
Area served
Worldwide
Key people
Marco Morelli (Executive Chairman)
ProductsMutual Funds
ETFs
Quantitative Funds
Real Estate
Structured Finance
Hedge Funds
RevenueIncrease €1,294 million (31 December 2020)[1]
Increase €279 million (31 December 2020)[1]
AUM€869 billion (31 March 2021)[1][2]
Number of employees
2,360 (March 2020)[3]
ParentAxa
Websitewww.axa-im.com

Axa Investment Managers (Axa IM), is a global investment management firm with offices in over 22 locations worldwide. As of 31 December 2020, it manages over €858 billion in assets on behalf of institutional and retail clients.[1][2] It operates as the investment arm for Axa, a global insurance and reinsurance company.

History[]

In 1994, Axa created an investment management subsidiary under the name, Axa Asset Management.[4] It operated separately from the insurance business lines and was headed by Jean-Pierre Hellebuyck.[5]

In 1997, Henri de Castries launched AXA Investment Managers (Axa IM) which Axa Asset Management became a part of.[6] Donald Brydon was selected to be its chief executive officer.[7]

In 1996, Dominique Senequier joined Axa and founded the Axa Private Equity platform. It operated under Axa IM until 2013 where it was spun off as a separate firm and renamed Ardian.[8]

During 1999, Axa IM paid US$125 million for controlling stake in the Rosenberg Group, an active quantitative global equity manager based in California.[9] It was renamed to "Rosenberg Equities" which now operates as the quantitative investment platform under Axa IM. In the same year, AXA Real Estate Investment Managers was also established. It was eventually renamed to the "Real Assets" platform.[10]

In 2002, Axa Im set up its Structure Finance division.[6]

In 2005, Axa Im purchased the investment firm, Framlington Group from HSBC Holdings and Comerica for US$342.5 million.[11] It was renamed to "Framlington Equities" which now operates as a long term equity active management platform under Axa IM.

In 2006, Axa im established a joint venture with Shanghai Pudong Development Bank. The resulting joint venture was AXA SPDB Investment Managers Co., Ltd which is based in China.[12]

In 2008, Axa Im set up a joint venture with Kyobo Life Insurance Company. The resulting joint venture was Kyobo AXA Investment Managers which is based in South Korea.[13][14]

In 2012, Axa Im established two joint ventures with Bank of India. They were BOI AXA Investment Managers Private Limited and BOI AXA Trustee Services Private Limited which are based in India.[15]

In 2015, the Real Assets division launched Baytree Logistics Properties, a pan-European logistics and industrial development platform.[16]

During 2016, Axa Im set up Chorus, a hedge fund platform. In the same year, the Real Assets division acquired Sydney-based, Eureka Funds Management to expand its real assets operation in the Asia-Pacific region.[17]

Business overview[]

Axa IM has seven different investment platforms. They are:

At the end of March 2020, of Axa IM’s AUM, around 40% was in Fixed Income, 29% Multi-Asset, 8% in Structured Finance, 12% in Real Assets and 7% in Equities.[3]

During 2020, Axa IM restructured its organization to create two main business units, Axa IM Alts and Axa IM Core.[18]

Axa IM Alts consists of the Real Assets, Structured Finance and Chorus investment platforms. At the end of 2020, it had €159 billion assets under management.[1]

Axa IM Core consists of the Framlington Equities, Rosenberg Equities, Fixed Income and Multi-Asset investment platforms. At the end of 2020, it had €559 billion assets under management.[1]

Axa IM has offices in 22 different country which cover Europe, Asia and North America.

References[]

  1. ^ Jump up to: a b c d e f "Full-year 2020 earnings". Retrieved 25 February 2021.
  2. ^ Jump up to: a b "Axa IM hits $1tn AUM for first time". www.funds-europe.com. Retrieved 2021-03-03.
  3. ^ Jump up to: a b "AXA Investment Managers – Investing and Building for Asia's Future -Asian Wealth Management and Asian Private Banking". www.hubbis.com.
  4. ^ "AXA Investment Managers: Growth in the fast lane" (PDF). April 27, 2006.
  5. ^ "Le groupe Axa décidé à se développer dans la gestion pour compte de tiers". Les Echos (in French). 1995-03-07. Retrieved 2021-03-03.
  6. ^ Jump up to: a b "20 years AXA INVESTMENT MANAGERS". communications.axa-im.com. Retrieved 2021-03-03.
  7. ^ Waks, Fabienne (2011). "Generation AXA" (PDF). AXA.
  8. ^ "Ardian". Strategist. Retrieved 2021-03-03.
  9. ^ IPEDecember 1998. "AXA takes control of Rosenberg". IPE. Retrieved 2021-03-03.
  10. ^ "Isabelle Scemama appointed as CEO of AXA Investment Managers - Real Assets". realassets.axa-im.com.
  11. ^ "AXA Investment Managers agreed to purchase Framlington Group for about..." Pensions & Investments. 2005-07-28. Retrieved 2021-03-03.
  12. ^ Reuters Staff (2007-08-28). "AXA China fund JV eyes 10 bln yuan fund by year-end". Reuters. Retrieved 2021-03-03.
  13. ^ "Kyobo, AXA Group to Set up Asset Management Firm". koreatimes. 2008-06-04. Retrieved 2021-03-03.
  14. ^ Reuters Staff (2008-06-04). "AXA to buy 50 pct in S.Korea asset firm from Kyobo". Reuters. Retrieved 2021-03-03.
  15. ^ "About Us". www.boiaxamf.com. Retrieved 2021-03-03.
  16. ^ "Baytree Logistics Properties appoints Amit Babbar as UK Development Director | Property Funds World". www.propertyfundsworld.com. 2018-04-05. Retrieved 2021-03-03.
  17. ^ "AXA IM-Real Assets has its Eureka moment". Australian Financial Review. 2016-09-21. Retrieved 2021-03-03.
  18. ^ Khullar, Arshiya (2020-03-11). "AXA IM restructures to create €137bn global alternative investment platform". Infrastructure Investor. Retrieved 2021-03-03.

External links[]

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