AXA IM has announced its intention to consolidate its European liability driven investment (LDI) teams, bringing its capabilities under one unit covering the UK, France and the Netherlands.
The merged team, which the company said will benefit both present and future clients through scale and expertise, will manage assets in excess of €18bn for third party clients. The consolidated team consists of a solutions strategist team, headed by Mathilde Sauvé, and a solutions portfolio management team, headed by Matthieu Tonneau.
The consolidated team is supported by the transversal AXA IM trading and securities finance team and will continue to leverage other resources within the wider MACS team such as modelling, structuring and derivatives expertise as well as the structuring and portfolio control team and the other AXA IM investment platforms.
Solutions strategist head Mathilde Sauvé is now responsible for solutions design and development with all third-party clients globally. Previously she was head of solutions for the institutional segment and as such, her role has been expanded to include the multi-asset product range, traditionally targeting the wholesale client segment.
The merged team will consist of seven portfolio managers and six solution strategists across the three regions (UK, Netherlands and Paris). Sauvé and Tonneau both report to Laurence Boone, Global Head of MACS and TSF.
“In the UK, our top priority remains servicing our UK LDI clients and we are confident that they will benefit from working with the consolidated team. UK clients will be serviced by a London-based team - solutions strategist, Rob Price, supported by the fixed income buy and maintain team led by Lionel Pernias - as well as leveraging on the expertise of the global consolidated LDI team,” AXA IM said in a statement.
“AXA IM can confirm that Jonathan Crowther and Shajahan Alam have left AXA IM to pursue other opportunities.”