, Philippines
248 views
/Awesomecontent from Freepik

AXA sells AXA IM to BNP Paribas in $6.34b asset deal

AXA Philippines said there will be no changes to its investment-linked life insurance funds.

AXA Group has sold AXA Investment Managers (AXA IM) to BNP Paribas for $6.34b (€5.4b) as part of its strategy to focus on core insurance operations. The deal makes BNP Paribas a long-term strategic partner and creates a combined asset management business with $1.76t (€1.5t) in assets under management, ranking amongst the top 10 globally.

AXA Philippines said there will be no changes to its investment-linked life insurance funds, with AXA IM continuing as the fund provider. 

Fund names, strategies, and customer services will remain unchanged.
 

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!