AXA Group has officially completed the €5.4 billion sale of AXA Investment Managers (AXA IM) to BNP Paribas, a major step that positions both institutions for greater growth and innovation in the global financial landscape.
This strategic transaction marks a milestone for AXA’s long-term ambition to sharpen its focus on core insurance offerings, including Life and Savings, Property and Casualty, and Health. The deal also introduces a new chapter of collaboration, as BNP Paribas now becomes a strategic partner of AXA Group, including AXA Philippines.
For AXA Philippines clients, there will be no immediate changes to fund management or service delivery. AXA IM will continue to manage the existing AXA Global Dynamic Allocation Fund and AXA Global Edge Equity Fund. All fund managers, strategies, and product names remain intact, ensuring investors enjoy continued stability during the transition.
Ayman Kandil, President and CEO of AXA Philippines, emphasized, “This strategic partnership allows us to tap into the global expertise of BNP Paribas while continuing to offer our customers the same expertise they expect from AXA.”
With BNP Paribas’ global footprint in 64 countries and over 178,000 employees, the collaboration creates a new European asset management powerhouse with €1.5 trillion in assets under management, making it one of the top 10 globally. The move enhances AXA’s ability to deliver strong value and trusted financial solutions to its nearly 2 million Filipino customers.
