AXA PH: Clients’ investments in good hands
Despite the transition, AXA Philippines said customers can expect continued access to investment-linked life insurance products and no disruption to fund services.
“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,” said Ayman Kandil, president and CEO of AXA Philippines.
“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.”
AXA retains control over product, investment design
AXA IM will continue to serve as the target fund provider for AXA Philippines’ investment-linked life insurance global funds. These include 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 fund names, fund managers, legal entity status, or investment strategies, the company added.
BNP Paribas, which operates in 64 countries with nearly 178,000 employees, now enters a long-term strategic partnership with AXA through this acquisition.
Strategic move to strengthen investment capabilities
The deal strengthens AXA’s investment capabilities while retaining full control over its product design, asset allocation, and asset-liability management decisions.
The combined entity of AXA IM and BNP Paribas will manage about €1.5 trillion in assets, making it one of the top 10 asset managers globally.
AXA emphasized that the transition is part of its long-term strategy to deliver consistent value to clients while ensuring global alignment with trusted asset management practices. —Ed: Corrie S. Narisma
