Martin Powis was named business development manager at AXA Investment Managers, a spokeswoman said.
The position is new. Mr. Powis will work to strengthen the firm's relationships with U.K. pension funds and insurance companies as it expands it product lineup in the U.K., according to a news release from AXA IM.
Mr. Powis will report to the head of U.K. institutional, a position that is currently vacant. In August, Madeline Forrester resigned as head of U.K. Institutional for a new opportunity. AXA IM is in the process of finding a replacement for Ms. Forrester, the spokeswoman said.
Previously, Mr. Powis was director of institutional sales at Ignis Asset Management. Yvonne Soulsby, spokeswoman for Ignis Asset Management, could not immediately be reached for information on a replacement.