SWEDEN - AXA Real Estate Investment Managers has opened an office in Stockholm, as exclusively revealed by Global Pensions in December.
The move forms part of the firm's aggressive growth strategy into Scandinavia. The new office will be led by Jérôme Arnaud as head of asset management for Sweden, Norway, Finland and Denmark. Arnuad was previously senior asset manager for AXA REIM France.
The Stockholm team's main objective will be to manage the existing investment portfolio which was recently established in the region, and which represents around €700m of assets.
MD of fund management AXA REIM France, Christian Delaire commented: “The opening of our Stockholm office underlines our commitment to our clients who attach great importance to having local operating capability in all markets in which we invest on their behalf.”
In an earlier interview, chairman Pierre Vacquier told Global Pensions AXA REIM was also "investigating possibilities" in eastern Europe.
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