Laurent Lavergne was named global head of asset management and development at AXA Investment Managers - Real Assets, effective Jan. 1, a spokeswoman said.
Mr. Lavergne, who was co-head of fund management alongside Timothe Rauly, is replacing Andrew Stainer, who moved back to Australia to be closer to his family, the spokeswoman said.
Mr. Rauly was promoted to sole head of fund management, she added.
Mr. Stainer will remain actively involved with the firm as a strategic adviser, reporting directly to CEO Isabelle Scemama.
"I am very pleased that Laurent has agreed to step into Andrew's role and also that Timothe will take full responsibility for our fund management division," Ms. Scemama said in a news release. "They are both highly professional practitioners who have continually proven themselves over many years at AXA IM - Real Assets."
AXA Investment Managers - Real Assets had €87 billion ($98.9 billion) in assets under management as of June 30.
