AXA Investment Managers (AXA IM) announced today that it obtained its registration certificate from Beijing Administration of Industry and Commerce to open a representative office in China.
The AXA IM Representative Office in Beijing reinforces AXA IM’s presence in Asia. Its key focus will be to perform market research and build on relationships with Chinese institutional investors. AXA IM intends to contribute to the rapid development of the asset management industry in China, where competition for assets is increasing and the range of investment options available to individuals and institutions is growing fast. The Chinese market represents circa €3,500bn of assets under management, mainly from institutional investors.
Ying Du has been appointed as the Chief Representative. She will report to Terence Lam, AXA IM Head of Sales & Marketing Asia.
“The opening of the AXA IM Representative Office in Beijing follows AXA IM’s recent joint-venture agreement with Bank of India, and is a strong symbol of AXA IM’s commitment to the Asia-Pacific region and specifically to China over the long term. It is also a clear demonstration of our ambition to develop our investment offering / our multi-expert model in high growth markets in line with the global ambition of our parent company, the AXA Group”, said Dominique Carrel Billiard, CEO of AXA IM.
Jean-Pierre Leoni, AXA IM Head of Asia-Pacific, added: “This representative office marks a significant step for AXA IM in China. AXA IM has ambitious growth objectives globally and developing our presence in China is an important part in achieving those goals. Our presence in Beijing will facilitate our exposure to sophisticated institutional investors in China. Furthermore, Ying’s knowledge of AXA IM and experience of the Chinese market is a real asset for AXA IM’s development in the region.”
