AXA Investment Managers (AXA IM) has appointed Pierre-Axel Margulies as its country manager for China and a member of the board of the company’s Chinese joint venture AXA SPDB Investment Managers, reporting to Marco Morelli, executive chairman of AXA IM.

Based in Shanghai, Margulies will represent AXA IM’s interest in AXA SPDB and report on its progress while building synergies with the rest of the AXA and AXA IM ecosystem. He will also explore possibilities to further expand the company’s footprint in China through new business initiatives.

AXA SPDB is a fund management joint venture established in August 2007. During the reporting period as of December 31 2021, its assets scaled up and the investment performance maintained stability. As of the end of the reporting period, its assets under management reached 345.46 billion yuan (US$49.92 billion) and the net assets amounted to 2.99 billion yuan.

Morelli says: “Margulies will be instrumental in the development of our China business together with our joint venture partner AXA SPDB, as part of the firm's commitment to growing our presence in Asia.”