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AXA IM, AXA Rosenberg outside of AMP proposal
AXA Investment Managers (AXA IM) and AXA Rosenberg have made reassurances they are committed to the Australian market amid negotiations over AMP’s proposed takeover of AXA Asia Pacific.
A statement from the groups said, “If successfully executed, the transaction proposed by AXA and AMP would have no impact on AXA IM and AXA Rosenberg’s operations in Australia and New Zealand”.
“AXA IM and AXA Rosenberg are not a part of AXA [Asia Pacific] and are completely outside the scope of this transaction.”
AXA IM chief Dominique Carrel-Billiard said the group would continue to develop its presence in what it called a “particularly sophisticated asset management industry”.
The group said it had managed mandates for Australian clients through AXA Rosenberg since 2003, while opening an AXA IM office in Sydney in 2007.
AUTHOR
Mike Taylor
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