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Monday, May 13, 2013

Axa Taps an Institutional Head

Reported by Tommy Fernandez

It looks like Axa Investment Managers has found the Wright successor.
(Apologies. Groan. Apologies.)

The firm reported today that Lawrence Remstedt has been named director of Institutional Development and Relations.

It looks like he is filling the vacancy left by Michael Wright, who left Axa to become HSBC's head of situational sales for North America.

According to Axa, Remstedt will be in charge of institutional business development and relationships in the U.S. Remstedt, along with the other members of the sales team, will cover the U.S. and play a key role in broadening AXA IM’s client relationships.  Most recently, he served as Portfolio Manager at AXA Rosenberg.

Here is the press release:
Company Press Release

AXA Investment Managers Appoints Lawrence Remstedt Director of Institutional Development and Relations



GREENWICH, Conn.--AXA Investment Managers (AXA IM) today announced that Lawrence Remstedt has been appointed Director of Institutional Development and Relations.

In this role, Mr. Remstedt will be in charge of institutional business development and relationships in the U.S.  AXA IM has built a significant foundation in the U.S. market through two of its most well-established expertises – High Yield in the Fixed Income arena and AXA Rosenberg in the Equity arena.  Mr. Remstedt, along with the other members of the sales team, will cover the U.S. and play a key role in broadening AXA IM’s client relationships.  Most recently, Mr. Remstedt served as Portfolio Manager at AXA Rosenberg.

“We are thrilled that Lawrence is taking on this new role as AXA IM sharpens its presence in the U.S.,” said Xavier Thomin, Head of AXA IM U.S.  “Lawrence has a deep understanding of AXA IM based on his tenure within the AXA IM family and has exceptional experience across asset classes.  His experience within the investment team will bring insights and value to this role.  In addition, he has successfully placed mandates in U.S. fixed income, global and U.S. high yield, alternatives and various equity strategies.  These credentials fit with AXA IM in a meaningful way and we look forward to expanding current client relationships and developing new ones in the U.S.”

Remstedt said, “I’m looking forward to this new expanded role.  AXA IM has direct experience in managing liabilities and has developed sophisticated expertise across asset classes to address some of the key issues facing investors today.  For example, AXA Rosenberg’s SmartBeta approach has evolved from over seven years of managing volatility for clients.”

Mr. Remstedt’s career spans 24 years in the investment management industry, during which he has focused on developing and servicing institutional clients with extensive U.S. relationships.  Prior to joining AXA Rosenberg, Lawrence served as a director of business development for American Century Investments from 2003 to 2008; and prior to that he was in a business development and client service role at Citigroup Asset Management for over nine years, including three years based in London. 
 

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