AXA IM consolidates European LDI teams

AXA Investment Managers is bringing together its liability-driven investing teams and capabilities under one unit covering the U.K., France and the Netherlands, and two executives within the business also have left the firm, confirmed a spokeswoman.

The consolidated team is now made up of a solutions strategists team, led by Mathilde Sauve, and a solutions portfolio management team led by Matthieu Tonneau. Further details were not immediately available.

The new unit will service all European LDI accounts including existing U.K. clients. "We believe that AXA IM clients, both present and future will benefit from the scale and expertise of this consolidated team that will manage assets in excess of €18 billion ($25.4 billion) for third-party clients," said a statement provided by the spokeswoman.

Ms. Sauve, who was head of solutions for the institutional segment, has had her role expanded to include responsibility for the design and development of solutions with all third-party clients globally.

The merged team will consist of seven portfolio managers and six solution strategists across the three regions. Ms. Sauve and Mr. Tonneau both report to Laurence Boone, global head of multiasset client solutions, and trading and securities financing at the firm.

U.K. clients will be serviced by a London-based team led by Rob Price, solutions strategist, and supported by the fixed-income buy-and-maintain team led by Lionel Pernias. It also will draw on the expertise of the global consolidated LDI team, according to the statement.

The spokeswoman also confirmed that Jonathan Crowther, head of U.K. LDI, and Shajahan Alam, head of solution research, in the U.K. LDI team, have both left "to pursue other opportunities."

Further details could not be learned by press time.