AXA Investment Managers - Real Assets appoints Laurent Lavergne as Global Head of Asset Management & Development and Timothé Rauly as Head of Fund Management
AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces the appointment of Laurent Lavergne as Global Head of Asset Management & Development, effective 1st January 2020. As a result of the appointment Timothé Rauly will become the sole Head of Fund Management.
Laurent Lavergne, who is currently Co-Head of Fund Management alongside Timothé Rauly, and already sits on the AXA IM - Real Assets board, will replace Andrew Stainer who has made the personal decision to move back to his home country of Australia, where his family is based. Andrew will remain actively involved with AXA IM - Real Assets as a Strategic Advisor, reporting directly to CEO, Isabelle Scemama, but will step down from the management board.
In order to ensure a smooth transition of his role to Laurent and afford Timothé time to take full responsibility for AXA IM - Real Assets’ Fund Management function, Andrew will spend approximately half his time in Europe during this period of transition. The day-to-day operations of the asset management and development teams are unaffected.
Laurent Lavergne has over 25 years’ experience of real estate investment and management and has been at AXA IM - Real Assets since 1994.
Isabelle Scemama, CEO of AXA IM - Real Assets, commented: “As a business we place an enormous amount of importance and emphasis on our ability to asset manage value for our clients and it is very important that we have the right leadership in place. I am therefore very pleased that Laurent has agreed to step into Andrew’s role and also that Timothé will take full responsibility for our Fund Management division; they are both highly professional practitioners who have continually proven themselves over many years at AXA IM - Real Assets.”
“I would also like to take this opportunity to thank Andrew for his contribution to AXA IM - Real Assets over the last five years in Europe and, while sorry to see him move, I completely understand his decision to relocate back to Australia to be with his family. I am also pleased that he will remain with us as a Strategic Advisor and I very much look forward to continuing to work with him in this new role.”
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1 Source: INREV/ANREV Fund Manager Survey – May 2019 – in terms of assets under management
AXA Investment Managers - Real Assets
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About AXA Investment Managers
AXA Investment Managers (AXA IM) is an active, long-term, global, multi-asset investor. We work with clients today to provide the solutions they need to help build a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €801 billion in assets under management as at end of September 2019(1). AXA IM employs over 2,350 employees around the world and operates out of 30 offices across 21 countries. AXA IM is part of the AXA Group, a world leader in financial protection and wealth management.
About AXA Investment Managers - Real Assets
AXA Investment Managers - Real Assets has €87 billion in assets under management, including €65.7 billion in direct property & infrastructure and €17.3 billion in real asset finance as of end of June 2019(2). We offer a 360° approach to investing in real assets, which comprises opportunities in equity or debt, across different geographies and sectors, as well as via private or listed instruments. We are a global leader in real assets investment, the number one property portfolio and asset manager in Europe(3), and one of the largest worldwide. Our teams have been managing funds and mandates for over 30 years and comprise over 600 people in 13 offices that operate in over 20 countries around the world, which provide us with in-depth knowledge of countries, cities and sectors.
1 Source: AXA IM unaudited data
2 Source: AXA IM - Real Assets’ unaudited data
3 Source: INREV Fund Manager Survey – May 2019 in terms of assets under management