MIDDLE EAST - AXA Investment Managers is preparing to open a new office in Doha, Qatar, to capitalise on the region's growing institutional market.
Having filed an application for a financial services licence with the new Qatar Financial Centre, the firm hopes to open the office within the first half of 2006, to be managed by Scott Callander, director, Middle East Institutional Advisory.
It will form a platform for the future development of AXA IM’s Middle Eastern business.
Nicolas Moreau (pictured), chief executive officer, AXA Investment Managers, said: “It is opportune for AXA Investment Managers to establish physical presence in the Middle East as the number of institutional clients in the region continues to grow. AXA Investment Managers sees the Gulf as core to developing its business in the future.”
The AXA Group, with AXA GULF (Insurance), have existing offices in the Kingdom of Bahrain, The Sultanate of Oman, the U.A.E and the Kingdom of Saudi Arabia.
By Lisa Haines
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers