Axa IM readies Beijing rep office, eyes Asia growth

Axa Investment Managers is set to relocate its China chief rep Ying Du from Hong Kong to Beijing to establish a rep office there as a key flag in its Asia expansion drive. The products and advisory firm has a marketing and client services team of 18 in the region working on wholesale distribution to institutions and wealthy individuals via private banks. Of these, eight are based in Hong Kong, eight in Tokyo, two in Sydney and none in Singapore. It is planned that chief China re…