AXA IM Alts has appointed its current head of Asia Pacific Laurent Jacquemin to lead its North American business to succeed the retiring Steve McCarthy as part of a leadership reshuffle.
The manager’s head of Australia, Antoine Mesnage, is being promoted to take on an additional role as head of Asia Pacific.
Jacquemin joined AXA IM Alts in 2001. Since 2018, he has been responsible for the growth and diversification of AXA IM Alts’ Asia Pacific real estate operations, including an increase in assets under management in the region to over $8bn (€7bn).
In his new role, Jacquemin will be based in New York and lead a team of 60 people managing $22bn of real estate assets with responsibility for overseeing both equity and debt investment strategies and further expanding AXA IM Alts’ real estate footprint in the region.
Mesnage, who joined AXA IM Alts in 2010, has led the Australian business since 2022 and the firm’s entry into residential sectors in the country. Mesnage will continue in his current role while taking on responsibility for the management and strategic development of AXA IM Alts’ real estate activities and its team of 40 in Asia Pacific.
AXA IM Alts said McCarthy has decided to retire at the end of the year after almost 13 years with the firm and following a career spanning over 35 years in real estate investment management.
Timothé Rauly, global co-head of real estate at AXA IM Alts, said these internal appointments demonstrate the deep pool of talent available across the firm and its “long-held conviction that the specialist knowledge we possess across our conviction geographies, sectors and strategies will continue to drive our differentiation and outperformance for clients”.
“Laurent’s experience and track record driving the strategic expansion of our real estate operations across Europe, and most notably his recent achievements in extending and diversifying our operations in Japan and Asia Pacific, will be invaluable as we continue to expand our North American business, a market of significant strategic importance for AXA IM Alts.
“In Asia Pacific, our platform has gone from strength-to-strength, not only operationally, but also at a capital raising and client servicing level. Antoine is ideally placed to spearhead the next phase of our growth given his deep understanding of the region and real estate investment management expertise.
“Finally, I would like to thank Steve for the pivotal role he has played in establishing and scaling our US business over the last 13 years.”
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