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Axa Framlington appoints Beveridge as head

Axa Framlington has appointed Mark Beveridge as its global head. Meanwhile, Robert Kyprianou, chief executive officer of Axa Framlington, will retire by the end of the year after 10 years with the company.

Beveridge began his new role in August 2009. He is based in London and reports to Stephane Prunet, the global head of equities at Axa Investment Managers.

He will be responsible for leading the growth and development of Axa Framlington, which Axa says it is committed to building into a major European equity manager.

Prior to joining Axa Framlington, Beveridge was chief investment officer of global equity, Goldman Sachs Asset Management, in London. There he was responsible for over $20 billion (£12 billion) of assets under management.

Before joining Goldman Sachs, Beveridge spent 19 years at Franklin Templeton.

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