AXA Investment Managers and  BNP Paribas Join Forces to Form Leading Asset Management Platform

With the sale of AXA IM to BNP Paribas, the entity became one of the top 10 asset management platforms in the world.

AXA Group confirmed the completed sale of AXA Investment Managers (AXA IM) to BNP Paribas, a transaction that is valued at €5.4 billion (around PHP358.6 billion).  The combination of AXA IM and BNP Paribas forms a new European asset management champion that is in the top 10 globally, with €1.5 trillion (PHP99.76 trillion) worth of assets under management. BNP Paribas is one of the world’s largest and most trusted asset managers, while AXA IM is a global asset management firm and a subsidiary of the AXA Group.

Talks between the two companies began in 2024 and were completed last July 1. The AXA Group’s aim in the sale of AXA IM was to strengthen its investment capabilities while enabling the company to focus on its core insurance offers—Life and Savings, Property and Casualty, and Health. 

AXA Philippines announced the sale of AXA IM on July 28, 2025, emphasizing that customers can expect uninterrupted service and continued stability during the transition period.

The President and CEO of AXA Philippines, Ayman Kandil, said,  “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. It aligns with our long-term vision to provide trusted, innovative, and effective solutions that will help Filipinos achieve their financial goals.”

AXA customers can expect business as usual. Kandil continued, “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.”

A Mutual Win for AXA and BNP Paribas

BNP Paribas operates in 64 countries with nearly 178,000 employees, and it now joins AXA as a long-term strategic partner through the purchase of AXA IM.

By combining the expertise of AXA IM, BNP Paribas Asset Management, and BNP Paribas REIM, this new platform will have a wide range of traditional and alternative assets, and an expanded global distribution network. The partnership will also enable enhanced innovation capabilities, and a more comprehensive offering in responsible investment. 

For BNP Paribas, the company will benefit from AXA IM’s market position and acquire AXA IM’s expertise in private assets, and long-term asset management for insurance and retirement.

While the new partnership opens many long-term opportunities, AXA customers can expect uninterrupted service in the short term:

• AXA IM will continue to be the target fund provider of 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). 
• Furthermore, there will be no immediate changes to AXA IM’s business, its legal entity name, fund managers, fund names, and investment strategies. 
• AXA Group, including AXA Philippines, will also retain full authority over product design, asset allocation, and asset-liability management decisions.

About AXA Philippines

AXA Philippines is one of the largest insurance companies in the country. It offers financial security to almost 2 million individuals through its group and individual life insurance and its general insurance products.

Established in 1999, AXA Philippines is a leader in the insurance industry. It is one of the first to introduce bancassurance operations in the country, and it is a pioneer in the investment-linked insurance sector.

AXA Philippines is a joint venture between the AXA Group, GT Capital Holdings, Inc. (GT Capital), a leading listed conglomerate in the Philippines, and Metropolitan Bank and Trust Company (Metrobank).