AXA Investment Managers (AXA IM) has announced the merger of its Alternative Solutions and Structured Finance teams to create a single global alternative credit platform.
The merged teams consist of 100 professionals across Paris, London and Greenwich (Connecticut) in the US, providing management and advisory services to over €31bn of assets and will be brought together under the leadership of Deborah Shire, head of structured finance at AXA IM.
John Porter, global head of fixed income & structured finance at AXA IM, said: “AXA IM’s structured finance team has been a pioneer in the disintermediation of credit markets since its inception in the late 1990s. We believe that by combining the talent, resources and skillset of our Alternative Solutions team we can create a simpler and more agile structure.”
‘Wider range of investment opportunities’
New alternative credit platform head Shire believes that AXA IM’s that the platform will offer “better visibility and a wider range of investment opportunities” with low rate environment investors increasingly looking for “high yielding and diversifying assets” to provide returns.
“But they also want peace of mind i.e. transparency and a trusted partner who aims to deliver consistently throughout credit cycles,” said Shire.
As a result of the changes Eric Lhomond, previously global head of the alternative solutions team, has decided to leave AXA IM in order to pursue a new opportunity, AXA IM said in a statement today announcing the merger.
Lhomond will stay on until the merger is bedded in working closely with the team to ensure “as smooth a transition as possible,” AXA IM added.