AXA Investment Managers – Real Assets (AXA IM – Real Assets) has appointed Laurent Lavergne as Global Head of Asset Management & Development, effective 1st January 2020.
As a result of the appointment Timothé Rauly will become the sole Head of Fund Management, said in a statement.
Laurent Lavergne, who is currently Co-Head of Fund Management alongside Timothé Rauly, and already sits on the AXA IM – Real Assets board, will replace Andrew Stainer who has made the personal decision to move back to his home country of Australia.
Andrew Stainer will remain actively involved with AXA IM – Real Assets as a Strategic Advisor, reporting directly to CEO, Isabelle Scemama, but will step down from the management board.
Laurent Lavergne has over 25 years’ experience of real estate investment and management and has been at AXA IM – Real Assets since 1994.
Isabelle Scemama, CEO of AXA IM – Real Assets, commented: “As a business we place an enormous amount of importance and emphasis on our ability to asset manage value for our clients and it is very important that we have the right leadership in place. I am therefore very pleased that Laurent has agreed to step into Andrew’s role and also that Timothé will take full responsibility for our Fund Management division; they are both highly professional practitioners who have continually proven themselves over many years at AXA IM – Real Assets.”
“I would also like to take this opportunity to thank Andrew for his contribution to AXA IM – Real Assets over the last five years in Europe and, while sorry to see him move, I completely understand his decision to relocate back to Australia to be with his family. I am also pleased that he will remain with us as a Strategic Advisor and I very much look forward to continuing to work with him in this new role,” she added.