AXA IM Joins BNP Paribas: The Birth of a Leading European Asset Management Platform

BNP Paribas Cardif’s acquisition of AXA Investment Managers, AXA IM becomes a BNP Paribas Group entity: a major milestone for the Bank, which expands its global asset management footprint and strengthens its commitment to better serve clients.

With over 30 years of expertise, approximately €880 billion in assets under management and 2,900 employees in 19 countries, AXA IM will become part of the Group’s Investment & Protection Services (IPS) division, which specialises in investment, savings, protection and real-estate services.

By combining the expertise of AXA Investment Managers, BNP Paribas Asset Management and BNP Paribas Real Estate Investment Management, the Group becomes a major European asset management platform with  over 1,500 billion euros in assets under management: a change of scale for the Group, which is thus positioned among the leading European players in the sector and as the leader in the management of long-term savings for insurance companies and pension funds. 

“We are delighted to welcome the AXA IM teams to the BNP Paribas Group. We are uniting our highly complementary capabilities while sharing the same passion and values of excellence, teamwork, innovation, commitment to sustainability, and care in managing risks. Together, we will establish a European leader in asset management, able to meet the challenges of a changing world.” – Renaud Dumora, Deputy Chief Operating Officer of BNP Paribas Group, Head of Investment & Protection Services (IPS), and President of BNP Paribas Cardif.

“We are convinced that the combination of BNP Paribas asset management businesses will generate long-term value for our customers, for our teams and for the Group as a whole. We have great confidence in our collective ability to deliver this project, while ensuring continuity for our customers with the highest level of service” – Sandro Pierri, Chief Executive Officer of BNP Paribas Asset Management and AXA Investment Managers

“Much more than an addition of forces, it’s the creation of a global player, built on shared values, complementary strengths, and a common ambition for sustainable growth. Together, we are positioning ourselves to serve clients worldwide with lasting impact.” – Marco Morelli, Président of BNP Paribas Asset Management et AXA Investment Managers

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