GERMANY - AXA Investment Managers (AXA IM) has announced the appointment of Frank Richter as director, institutional business based in Germany.
Richter joins from Merrill Lynch Investment Managers, where he was responsible for client relationship management and acquisition of institutional clients in Germany and Austria.
In his new role, he will be responsible for client relationship management and acquisition in the corporates, pension schemes and insurance companies markets, reporting to CEO Christian Wrede.
AXA IM said the appointment strengthened its German institutional business, which realised net new inflows of e651m throughout Germany, Austria and Switzerland during 2004.
Richter succeeds Sabine Vlieghe, who was appointed global head of marketing for AXA Real Estate Investment Managers in February this year.
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