Bharti Enterprises, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH) have announced a joint venture to establish an asset management company in India.
The joint venture will look to take advantage of the globally recognised investment expertise of AXA IM and the marketing and distribution capability of AXA APH. Bharti’s contribution is billed as a unique understanding and insights on the Indian retail market, together with its retail and corporate customer base and its brand reputation. Sandeep Dasgupta has been appointed as CEO of the new venture. Sandeep joins from Deutsche Asset Management (India) where he has been CEO since 2001.
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