BNP Paribas Asset Management implemented a new organisation after integrating AXA Investment Managers. The combined platform manages more than €1.7 trillion and is structured around investment, alternatives and client businesses. The company also established an executive board chaired by chief executive Sandro Pierri. BNP said the changes were designed to accelerate its 2030 strategy.
BNP Paribas acquired AXA Investment Managers in a transaction valued at about €5 billion, creating Europe's third-largest asset manager. The new structure is a post-acquisition operating milestone rather than a fresh deal announcement. It combines teams serving institutional, insurance, retail and wealth clients across liquid and alternative strategies.
BUSINESS LINES REORGANISED
Isabelle Scemama leads the alternatives business, supported by deputy head Deborah Shire. Rob Gambi leads investments across fixed income, active equities, multi-asset, systematic and quantitative strategies. Steven Billiet leads the global client group for liquid strategies, with responsibility for expanding institutional, insurance, retail and wealth relationships.
The company created strategic-partnership and transformation offices alongside revised operating, governance and sustainability functions. Patrick Simion's transformation office will use technology and artificial intelligence to improve efficiency and develop capabilities including digital assets and tokenisation. Jane Ambachtsheer leads a transversal sustainability centre, with specialists also embedded in investment teams.
EXECUTION MOVES TO NEW BOARD
The executive board includes Pierri, Scemama, Gambi, Billiet, Shire, general secretary Jean-Christophe Menioux, human-resources head Marion Azuelos and chief operating officer Philippe Boulenguiez. BNP said it had appointed 200 managers under the new structure, with further nominations expected. The organisation also retains about €300 billion in alternative assets.
The reorganisation will now be tested by the delivery of the 2030 plan, including growth in active management, exchange-traded funds, alternatives and third-party fundraising. Further management appointments are the next disclosed milestone. Investors will also watch whether the combined platform converts its increased scale into stronger inflows and operating efficiency.