UK - AXA Investment Managers (AXA IM) has appointed Richard Lambert to its board.
Lambert, a former editor of the Financial Times between 1991 and 2001, joins AXA as a non-executive director.
He is also UK chairman of the Franco-British colloque, a group of industrialists and politicians from the two countries, and a member of the international advisory board of BritishAmerican Business Incorporated.
AXA IM has operations in 13 different countries worldwide, and has more than EUR270bn of assets under management.
By Madhu Kalia
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.