AXA Investment Managers is reorganising its €188bn alternative investments arm into five dedicated business lines, covering real estate, infrastructure, natural capital and impact investment, alternative credit and hedge funds.
AXA IM Alts, which was launched in 2020 to bring together €138bn in real assets, structured credit and hedge funds, is being devolved to “prepare for its next stage of growth” and to “provide a clearer and simpler structure for existing and potential clients”.
The move has led to some promotions within AXA IM Alts’s leadership, including Timothée Rauly and John O’Driscoll, who have been promoted to global co-heads of real estate.
Rauly was previously Global CIO and head of fund management, and O’Driscoll was previously global CIO and head of investment.
Alexandre Martin-Min, who was CIO for structured finance and impact private equity, has been promoted to head of natural capital and impact investments.
Christophe Fritsch, head of fund management structured finance, is now global head of alternative credit.
Mark Gilligan and Pierre-Emmanuel Julliard remain as head of infrastructure and managing director of hedge funds business Chorus, respectively.
Florence Dard, global head of Client Group Alts remains in charge of investor relations for all AXA IM Alts business lines.
An AXA IM Alts management board has also been created, composed of Dard, Rauly, O’Driscoll, Fritsch, Martin-Min, and Isabelle Scemama, global head of AXA IM Alts, and Deborah Shire, deputy head.
AXA IM said the AUM of AXA IM Alts has increased by more than a third since inception, with more than €18bn of capital raised in 2021.
“The business has gone from strength to strength since we combined our alternative expertise under one roof two years ago,” said Scemama. “This evolution of our organisation represents the logical next stage of our plans to continue accelerating the profitable growth of our business while becoming more even more agile and attuned to the evolving needs of our clients.
“By further simplifying our structure, we can better leverage our expertise to focus on our business convictions and ESG commitments while empowering our leaders to grow and enhance our client offering.”