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AXA IM linked with Natixis merger

AXA IM linked with Natixis merger

AXA Group is believed to be reviewing ‘various options’ for its European asset management arm, which could include a possible merger or joint venture for the business.

Potential partners for a merger with Axa Investment Management include French asset manager Natixis, Bloomberg reported Thursday citing sources close to the matter.

The news follows a number of big mergers in the asset management sector like Aberdeen and Standard Life, as well as Janus Henderson

Any transaction could be a precursor for an eventual initial public offering or partial sale, one of the sources said.

Representatives for AXA and Natixis declined to comment.

Natixis, based in Paris, is controlled by Groupe BPCE, France’s second-largest banking group, and has €830 billion (£725 billion) of assets under management (AUM).

AXA Investment Management, the company's investment arm, has (€739 billion) £651 billion of AUM.

Paris-based investment services firm Amundi, currently Europe’s largest asset manager, is one model for consolidation that AXA may consider.

Launched in 2010 by Credit Agricole and Societe Generale, it has an AUM of €1.28 trillion (£1.13 trillion).

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