Axa IM closes HK multi-asset team in structural shift
The French insurer's asset management business is not up for sale, says its CEO, but it is consolidating certain business lines as part of a strategic shrink of its operations.
Axa Investment Managers has closed down its multi-asset operation in Hong Kong, in a consolidation that is part of a global strategy, AsianInvestor can reveal. The French firm is shifting the multi-asset division to its investment hub in Paris.
Terence Lam, managing director and head of sales for APAC at Axa IM in Hong Kong, told AsianInvestor: “We can confirm that Axa IM’s multi-asset client solutions team (MACS) has decided to manage all multi-asset portfolios from Paris.”
He …
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