AXA INVESTMENT Managers (AXA IM) will expand its operations throughout 2007 following record global results in 2006.
The French-backed asset management house, which also incorporates AXA Framlington, now has €485bn assets under management and revenues of €1.18bn. In a strong year for the firm, it posted record sales for the AXA IM UK Fixed Income team which won over £2.6bn in new mandates. Net new money growth for AXA Framlington of £1.3bn also reached record highs with assets under management up 66pc to £ 8.7bn. UK sales for AXA Rosenberg were £4.4bn and assets under management rose 35pc to £31bn. Following the strong results, the firm is aiming to push its accelerated development programme ...
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