AXA's Richard Peirson is stepping down as lead manager of the AXA Framlington Financial fund at the start of February.
Peirson manages the UK portion and asset allocation aspect of the portfolio, while AXA's regional managers provide stock ideas in other markets.
AXA IM has appointed Susan Sternglass Noble to replace Peirson, who will continue to manage the AXA Framlington Managed Balanced fund.
Sternglass Noble joins the group on 4 January from CQS where she managed the long/short portfolio of European financial equities within the CQS Convertible Bond Arbitrage fund.
In her new role, Sternglass Noble will report to AXA Framlington's global head Mark Beveridge, and will be responsible for the group's financial equities portfolio management and research capability.
"We are putting the AXA Framlington Financial fund in line with all of our other sector-specific funds, such as commodities, real estate, health and technology, and have global sector expert lead investments, supported by regional specialists," Beveridge says.
"Richard has a critical role in the UK equities team and manages substantial portfolios with exceptional long-term performance, including the AXA Framlington Managed Balanced fund which continues to attract substantial client interest."
Over the year to 6 December, the £49m fund has made 0.9%, while over three years it is down 26%, according to Morningstar.
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