AXA Group Completes Sale of AXA Investment Managers to BNP Paribas

AXA Group confirms the completed sale of AXA Investment Managers (AXA IM) to BNP Paribas, one of the world’s largest and most trusted asset managers, for a total transaction value of €5.4 billion.* The move is aimed at strengthening AXA’s investment capabilities while continuing to deliver strong value to customers.

For AXA Philippines, as one of the AXA Group’s key markets, this means that while transitions are in place, customers can expect uninterrupted service and continued stability. AXA IM will continue to be the target fund provider of AXA Philippines’ investment-linked life insurance global funds, namely, the AXA Global Dynamic Allocation Fund (Stable, Multi-Asset, Growth – Peso and Dollar) and the AXA Global Edge Equity Fund (Peso and Dollar). There will be no immediate changes to AXA IM’s business, its legal entity name, fund managers, fund names, and investment strategies. 

“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. It aligns with our long-term vision to provide trusted, innovative, and effective solutions that will help Filipinos achieve their financial goals,” said Ayman Kandil, President and CEO of AXA Philippines. “Our customers can be assured that their investments remain in good hands and that there will be no disruption in fund performance monitoring, customer support, or access to investment insights.”

BNP Paribas, operating in 64 countries with nearly 178,000 employees, now joins AXA as a long-term strategic partner through this transaction. The acquisition supports AXA Group’s ambition to simplify its business model by focusing resources on its core insurance offers, namely, Life and Savings, Property and Casualty, and Health. AXA Group, including AXA Philippines, will also retain full authority over product design, asset allocation, and asset-liability management decisions, remaining committed to maintain access to best-in-class asset management services.

The combination of AXA IM and BNP Paribas forms a new European asset management champion with €1.5 trillion in assets under management, placing the entity in the top 10 globally.

For more information about AXA Philippines' commitment to holistic well-being for all, visit https://www.axa.com.ph.