In early July, BNP Paribas Cardif finalized the acquisition of AXA Investment Managers (AXA IM) and signed a long-term partnership with the AXA Group to manage a large part of its assets.
This operation will enable the BNP Paribas Group to create a European asset management platform with more than €1.5 trillion ($2 trillion) in assets under management. It also allows the AXA Group to become a European leader in long-term savings management for insurers and pension funds with around €850 billion ($998 billion), with the goal of becoming the European leader in fund collection for private asset investments and one of the main providers of ETFs in Europe.
By combining the expertise of AXA IM, BNP Paribas Asset Management and BNP Paribas REIM, this new platform will have a wide range of traditional and alternative assets, an expanded global distribution network, enhanced innovation capabilities, and a more comprehensive offering in responsible investment. It will benefi
