EUROPE - AXA Investment Managers has hired Nicolas Moreau as chief executive.
Donald Brydon, chairman of AXA Investment Managers had combined these two roles for the past five years. He remains as chairman, a full-time appointment.
Moreau is presently chief operating officer of AXA IM, in addition to being chairman of AXA IM Private Equity and vice chairman of AXA Rosenberg Investment Management.
He joined AXA in 1991 as a vice president in the treasury department, and in 1994 became the head of the corporate finance and treasury department of the AXA Group. In 1997, he joined AXA IM in order to build the firm’s quantitative and derivative activity.
In January 1999, following the acquisition by AXA IM of a majority interest in the Rosenberg Group, Moreau became chief executive officer of AXA Rosenberg before taking up his present responsibilities.
Established in 1997, AXA IM, a wholly owned subsidiary of the global AXA Group, now has EUR277bn assets under management in Europe.
By Madhu Kalia
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.