AXA Philippines assures customers of continued service after BNP Paribas deal

The AXA Group said it has finalized the sale of AXA Investment Managers (AXA IM) to BNP Paribas, one of the world’s largest asset managers, for 5.4 billion euros.

It said the move aims to strengthen AXA’s investment capabilities and continue delivering value to customers.

For AXA Philippines, a key market for AXA Group, the transition means uninterrupted service and continued stability for customers.

AXA IM will remain the target fund provider for AXA Philippines’ investment-linked life insurance global funds, including the AXA Global Dynamic Allocation Fund (Stable, Multi-Asset, Growth – Peso and Dollar) and the AXA Global Edge Equity Fund (Peso and Dollar).

“There will be no immediate changes to AXA IM’s business, legal entity name, fund managers, fund names, or investment strategies,” it 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,” said Ayman Kandil, president and CEO of AXA Philippines.

“It aligns with our long-term vision to provide trusted, innovative, and effective solutions that will help Filipinos achieve their financial goals. 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,” he said.

BNP Paribas, which operates in 64 countries with nearly 178,000 employees, now joins AXA as a long-term strategic partner through this transaction.

The acquisition supports AXA Group’s ambition to simplify its business model by focusing resources on its core insurance offers: Life and Savings, Property and Casualty, and Health. AXA Group, including AXA Philippines, will retain full authority over product design, asset allocation, and asset-liability management decisions, remaining committed to maintaining access to best-in-class asset management services.

The combination of AXA IM and BNP Paribas creates a new European asset management champion with 1.5 trillion euros in assets under management, placing the entity in the top 10 globally.