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.
*(i) Completed in two
tranches: €0.1bn in March 2024 and €0.2bn in March 2025 and (ii) Select
(formerly named ‘Architas’) is an AXA company offering investment solutions,
including management of funds, investment management services, advisory
services, and investment related services, to retail customers in France,
Belgium, Hong Kong, and Indonesia
**As of December 31st, 2024, based on companies’ financial disclosures
ABOUT AXA PHILIPPINES
Established in 1999, AXA Philippines is one of the largest insurance companies in the country. It offers financial security to close to 2 million individuals through its group and individual life insurance as well as general insurance products.
AXA Philippines is one of the first to introduce bancassurance operations in the country and is among the pioneers in the investment-linked insurance sector.
AXA Philippines is a joint venture between the AXA Group, headquartered in France, GT Capital Holdings, Inc. (GT Capital), a leading listed conglomerate in the Philippines, and Metropolitan Bank and Trust Company (Metrobank), one of the Philippines’ largest financial institutions. It is duly recognized by the Insurance Commission and has license to operate and engage in life and general insurance business under License No. 2025/14-R.
For more information on AXA Philippines
and their products, visit their website at www.axa.com.ph.
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