Infotech

AXA IM and Ostrum AM set milestones to open up their management infrastructures to third parties



The time has passed for outsourcing to AXA Investment Managers (IM). A forerunner in the 2000s, with the transfer of its middle-office to State Street, then opened in recent years to a major merger (with Natixis IM in particular), finally abandoned, the asset management subsidiary of AXA wants go it alone . Even if it means opening its own support functions to make them more profitable. France’s third-largest asset manager targets management companies and asset holders (pension funds, etc.) who wish to outsource their securities trading table (stocks, bonds, etc.) to focus on their core business: management of ‘assets and relationships with their clients or beneficiaries.

“We have not yet crossed the Rubicon, but we are starting to respond to calls for tenders, unveilsYannig Loyer, Global Head of Trading at AXA IM. Even if we have not yet actively marketed the service, we can highlight our quality of execution and our robust and global operating model. ” Its team of 70 people already receives and transmits orders “In France, the United Kingdom, Hong Kong, Singapore and Japan, both for the insurance companies of the AXA group and for our investment platforms”. “This function is increasingly time-consuming for small managers given constant regulatory developments, client requirements and complex access to increasingly technical markets, fragmented between multiple sources of liquidity”, explains the head of trading.

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