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Axa IM’s Griffiths takes on second role

Axa IM UK chief investment officer Paul Griffiths is to combine the role with that of UK chief executive.

He will continue to be based in London and will report to global chief executive Nicholas Moreau.

Before joining Axa IM, Griffiths led Investec Asset Management’s fixed-income division. Prior to that, he held a similar position at Invesco Asset Management, where he won the Investment International Fixed-interest Fund Manager of the Year award in 1996, 1998 and 1999.

Moreau says: “I was imp-ressed by Paul’s dynamism and leadership skills. During his first year at Axa IM in the UK, he made significant inroads into strengthening our UK investment teams through the refinement of our investment processes and the appointment of several senior investment professionals.

“Paul has also played a significant part in business development, with Axa IM in UK winning over 1bn of new institutional money in 2004.

“He has excellent client relationship and people management skills, both of which fit very well with Axa IM’s culture.”


UK slips in European league of house price inflation

The UKs longstanding position at the top of the European League of house price inflation ended last year, according to the Royal Institution of Chartered Surveyors.The RICSs European Housing Market Review showed the UK slipping to joint third place, the same as Ireland, with a 15 per cent increase. France came top with an annual […]

Who knows for whom the bell tolls?

I read with interest the letter by Jason King, managing director of Life Policies(Money Marketing, January 20). I do not know where he gets his figures from but I am sure that Terence O’Halloran will put him right. I can only add, from my own personal experience, that my policy with Imperial Life (now part […]

Morgan Stanley forecasts F&C outflow

A report on F&C by Morgan Stanley has predicted an outflow of 3bn in assets under management this year, after suffering outflows of 4.7bn last year. A 25-page Morgan Stanley report said F&C has suffered following its merger with Isis last October. The Morgan Stanley report says unit trust sales moved from an 85 million […]

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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