Lionel Pernias was named head of fixed-income solutions at AXA Investment Managers, effective immediately, a spokeswoman said.
The position is new. Mr. Pernias leads newly combined buy-and-maintain and liability-driven investment teams. Mr. Pernias' team will work on existing and new offerings, including climate strategies.
Mr. Pernias was previously U.K. head of buy and maintain at the firm and will continue to manage these portfolios within the new team.
"Lionel, who has been instrumental in growing the U.K. business, was previously head of U.K. buy and maintain at AXA IM and brings a wealth of solutions experience," said an AXA statement Friday.
AXA IM had €869 billion ($1.02 trillion) in assets under management at the end of March.