Axa Investment Managers

Last updated

Axa Investment Managers
FormerlyAxa Asset Management
Company type Subsidiary
Industry Investment management
Founded1997;27 years ago (1997)
Headquarters
Tour Majunga, La Défense, Puteaux, IDF
,
France
Number of locations
18
Area served
Worldwide
Key people
Marco Morelli (executive chairman)
Products Mutual Funds
ETFs
Quantitative funds
Real Estate
Structured Finance
Hedge Funds
AUM €844 billion (December 2023) [1]
Number of employees
2,700 (December 2023) [1]
Parent Axa
Website www.axa-im.com

Axa Investment Managers (Axa IM) is a global investment management firm. It operates as the investment arm for Axa, a global insurance and reinsurance company.

Contents

History

In 1994, Axa created an investment management subsidiary under the name, Axa Asset Management. [2] It operated separately from the insurance business lines and was headed by Jean-Pierre Hellebuyck. [3]

In 1997, Henri de Castries launched AXA Investment Managers (Axa IM) which Axa Asset Management became a part of. [4] Donald Brydon was selected to be its chief executive officer. [5]

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. [6] [7]

During 1999, Axa IM paid US$125 million for a controlling stake in the Rosenberg Group, an active quantitative global equity manager based in California. [8] 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. [9]

In 2002, Axa IM set up its Structure Finance division. [4]

In 2005, Axa IM purchased the investment firm, Framlington Group from HSBC Holdings and Comerica for US$342.5 million. [10] 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. [11]

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. [12] [13]

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. [14]

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. [15]

Axa Investment registered as a crypto service provider in France in March 2023, avoiding disruption to their services. [16] Bloomberg reported in August 2023 that Axa Investment Managers would be laying off around 90 positions out of its 2,600 employees it had as of the end of 2022. [17]

In April 2024, Axa IM acquired W Capital Partners, a private equity firm specializing on GP-led and secondary investments. [18]

In July 2024, it was reported that there were talks to merge Axa IM and BNP Paribas Asset Management into a joint venture between Axa and BNP Paribas which would have €1.4 trillion ($1.5 trillion) in assets under management. [19] In December 2024, a deal was signed for $5.32 billion where Axa IM would become part of BNP Paribas. [20]

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. [21]

During 2020, Axa IM restructured its organization to create two main business units, Axa IM Alts and Axa IM Core. [22]

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. [23]

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. [23]

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

Related Research Articles

Private equity (PE) is stock in a private company that does not offer stock to the general public. In the field of finance, private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms, rather than the companies in which they invest.

<span class="mw-page-title-main">BNP Paribas</span> French multinational banking and financial services company

BNP Paribas is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial institutions, Banque Nationale de Paris (BNP) and Paribas. It also incorporates many other major institutions through successive acquisitions, including Fortis Bank in Belgium, Direkt Anlage Bank in Germany, Banca Nazionale del Lavoro in Italy, Banque Générale du Luxembourg in Luxembourg, and Türk Ekonomi Bankası in Turkey. The group has also been present in the United States through its subsidiaries Bank of the West until 2023 and First Hawaiian Bank until 2019. With 190,000 employees, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS); Investment & Protection Services (IPS); and Corporate & Institutional Banking (CIB).

<span class="mw-page-title-main">Axa</span> French multinational insurance firm

Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2023, it is the largest financial services company by revenue in France, and the 4th largest French company.

<span class="mw-page-title-main">AllianceBernstein</span> American asset management firm

AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.

In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.

<span class="mw-page-title-main">Alternative investment</span> Investments other than stocks, bonds and cash

An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding capital stocks, bonds, and cash.

<span class="mw-page-title-main">Private equity firm</span> Firm that invests in privately held companies

A private equity firm or private equity company is an investment management company that provides financial backing and makes investments in the private equity of a startup or of an existing operating company with the end goal to make a profit on its investments. The target companies are generally privately owned entities, but on rare occasions a private equity firm may purchase the majority of a publicly listed company and delist the firm after the purchase.

<span class="mw-page-title-main">Ares Management</span> American asset management company

Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997 with additional offices across North America, Europe, and Asia.

Shinhan Asset Management (Korean: 신한자산운용) is an asset management company headquartered in Seoul, South Korea. It is one of the largest asset management companies in South Korea, with US$55.6 billion of assets under management as of end of 2020. It is a subsidiary of the Shinhan Financial Group.

<span class="mw-page-title-main">Amundi</span> French asset management firm

Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.

<span class="mw-page-title-main">Ageas</span> Belgian-listed international insurance Group

Ageas is a Belgian multinational insurance company co-headquartered in Brussels. Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.

Geojit Financial Services Ltd. is an investment services company in India headquartered in Kochi, Kerala. It operates a network of offices across India and the Middle East. Geojit was the first company in India to launch online-trading facilities, develop franchise models of sub-broking, form joint ventures in West Asia and the first to begin commodity futures trading in pepper, cardamom, gold and silver in India.

<span class="mw-page-title-main">Dominique Senequier</span> French businesswoman (born 1953)

Dominique Senequier is a French businesswoman. She is president of Ardian, a private equity firm she founded in 1996.

<span class="mw-page-title-main">Ardian (company)</span> Private equity investment company

Ardian is a France-based, independent private equity investment company, founded and managed by Dominique Senequier. It is one of the largest European-headquartered private equity funds. The company was originally set up by Dominique Senequier in 1996 as the AXA Group's private equity division, but later gained independence in 2013, and rebranded itself as Ardian. The name Ardian (ar・di・an) was inspired by an ancient European language in which 'hardjan' mean strength, durability, and boldness. Ardian manages assets worth US$150 billion in Europe, North America and Asia, and has fifteen offices. The firm offers a funds of funds, direct funds, infrastructure, private debt and real estate, and manages a direct portfolio of more than 150 companies. Its fund of funds segments owns stakes in over 1500 funds. Ardian's 880 investors include institutional investors, funds of funds, government agencies, sovereign funds, family offices, pension funds and insurance companies). The firm has been ranked one of the largest companies by amount raised in equity by Private Equity International, and was named "Company of the Year" 2013 by the readers of Private Equity International.

<span class="mw-page-title-main">Fabio Gallia</span> Italian banker (1963–2024)

Fabio Gallia was an Italian banker, manager and businessman.

<span class="mw-page-title-main">BNP Paribas Asset Management</span> French asset management company

BNP Paribas Asset Management is the dedicated, autonomous asset management business of BNP Paribas Group.

<span class="mw-page-title-main">Abrdn</span> UK based investment company

Abrdn plc, formerly Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<i>Responsible Investment Brand Index</i> Scale to evaluate the European asset management industry

The Responsible Investment Brand Index (RIBI) is a scale to evaluate the global asset management industry on its ability to demonstrate its commitment to sustainable investment into their respective brands. The annual index was created in 2018 by Jean-Francois Hirschel and Markus Kramer.

<span class="mw-page-title-main">IGIS Asset Management</span> South Korea real estate investment firm

IGIS Asset Management is a real estate investment firm headquartered in Seoul, South Korea. IGIS is South Korea's largest real estate asset manager. In 2022, IREI ranked IGIS as the second largest real estate manager in Asia based on assets under management.

References

  1. 1 2 "AXA Investment Managers | AXA IM Corporate". 7 April 2024. Archived from the original on 7 April 2024.
  2. ↑ "AXA Investment Managers: Growth in the fast lane" (PDF). 27 April 2006. Archived (PDF) from the original on 20 January 2022.
  3. ↑ "Le groupe Axa décidé à se développer dans la gestion pour compte de tiers". Les Echos (in French). 7 March 1995. Archived from the original on 5 April 2023. Retrieved 3 March 2021.
  4. 1 2 "20 years AXA INVESTMENT MANAGERS". communications.axa-im.com. Archived from the original on 5 April 2023. Retrieved 3 March 2021.
  5. ↑ Waks, Fabienne (2011). "Generation AXA" (PDF). AXA. Archived (PDF) from the original on 20 January 2022.
  6. ↑ "Ardian". Strategist. Archived from the original on 1 December 2022. Retrieved 3 March 2021.
  7. ↑ "Ardian is new name for AXA private equity spinoff". Pensions & Investments. 30 September 2013. Archived from the original on 7 March 2023. Retrieved 7 March 2023.
  8. ↑ IPEDecember 1998. "AXA takes control of Rosenberg". IPE. Retrieved 3 March 2021.{{cite web}}: CS1 maint: numeric names: authors list (link)
  9. ↑ "Isabelle Scemama appointed as CEO of AXA Investment Managers - Real Assets". realassets.axa-im.com.
  10. ↑ "AXA Investment Managers agreed to purchase Framlington Group for about..." Pensions & Investments. 28 July 2005. Archived from the original on 4 May 2020. Retrieved 3 March 2021.
  11. ↑ "AXA China fund JV eyes 10 bln yuan fund by year-end". Reuters. 28 August 2007. Archived from the original on 5 April 2023. Retrieved 3 March 2021.
  12. ↑ "Kyobo, AXA Group to Set up Asset Management Firm". koreatimes. 4 June 2008. Archived from the original on 5 April 2023. Retrieved 3 March 2021.
  13. ↑ "AXA to buy 50 pct in S.Korea asset firm from Kyobo". Reuters. 4 June 2008. Archived from the original on 5 April 2023. Retrieved 3 March 2021.
  14. ↑ "About Us". www.boiaxamf.com. Archived from the original on 28 January 2021. Retrieved 3 March 2021.
  15. ↑ "AXA IM-Real Assets has its Eureka moment". Australian Financial Review. 21 September 2016. Archived from the original on 5 April 2023. Retrieved 3 March 2021.
  16. ↑ "Axa Investment registers as crypto service provider in France". Reuters. 8 March 2023. Archived from the original on 5 December 2023. Retrieved 1 April 2024.
  17. ↑ "Axa's Asset Management Unit to Cut up to 90 Roles in Revamp". Bloomberg. 21 August 2023.
  18. ↑ Dorbian, Iris (3 April 2024). "AXA IM to snap up PE firm W Capital Partners". PE Hub. Archived from the original on 7 April 2024. Retrieved 7 April 2024.
  19. ↑ Foerster, Jan-Henrik (4 July 2024). "Axa and BNP Paribas Said to Explore Asset Management Tie-Up". Bloomberg.com. Retrieved 6 July 2024.
  20. ↑ Calatayud, Adrià (23 December 2024). "BNP Paribas, AXA Sign Deal for $5.3 Billion Acquisition of AXA IM". WSJ. Retrieved 24 December 2024.
  21. ↑ "AXA Investment Managers – Investing and Building for Asia's Future -Asian Wealth Management and Asian Private Banking". www.hubbis.com. Archived from the original on 25 November 2020. Retrieved 3 March 2021.
  22. ↑ Khullar, Arshiya (11 March 2020). "AXA IM restructures to create €137bn global alternative investment platform". Infrastructure Investor. Archived from the original on 11 April 2021. Retrieved 3 March 2021.
  23. 1 2 "Full-year 2021 earnings". Archived from the original on 13 March 2021. Retrieved 25 February 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.