The International Capital Market Association (ICMA) says that AXA Investment Managers (AXA IM) has joined the Association.
AXA Investment Managers is one of the largest European asset managers, with approximately €485 billion in assets under management as at 31 December 2006. It manages all major asset classes including fixed income, equities, real estate and private equity.
“We felt it was important, as a leading participant in the financial industry, to join ICMA and take an active role in the overall governance of capital markets,” says Laurent Clamagirand, Chief Operating Officer of AXA Investment Managers. “ICMA has been influential in driving the development of a robust industry framework in capital markets and we look forward to working with its members, and helping to ensure the continued development of this framework.”
In the past year, ICMA has been involved in the creation of two important new cross-industry groupings designed to improve the representation of market participants by co-ordinating the work of various trade associations.