Axa Investment Managers has bulked up its presence in Asia with the appointment of Iain Johnson as director of fixed income and investment solutions.

In this newly created role, Johnson will focus on bringing Axa IM products to institutional clients and distributors in Asia. He will report to Richard Clerk, director of structured solutions and alternative investments, who is based in Hong Kong.

Johnson will work closely with Axa IM's various fixed-income franchises and Axa Investment Solutions to ensure that clients in the region are offered specialised and innovative product solutions.

According to a spokesman for the company, Johnson has an excellent understanding of the Asian market, having joined Axa IM from Deutsche Bank in Singapore, where he was director of institutional and corporate credit for South Asia. He began his career at Westpac Bank in Perth, Australia.

Axa IM is one of the largest European asset managers, with assets of Ç447.5 billion under management.