AXA Investment Managers, the Paris-based international fund house, has appointed HSBC as its UK provider of global custody and fund depository services.
HSBC will service AXA’s UK UCITS fund range which consists of AXA IM Framlington Equities active funds, AXA IM Rosenberg Equities quantitative investment funds and AXA IM’s fixed income, multi-asset and specialist investment businesses.
Sebastien Danloy, global head of investor services, markets & securities services for HSBC, said: “We’re delighted with this latest mandate, which further develops our long-standing partnership with AXA Investment Managers, and we look forward to working together to assist them with their continued innovation of their UK UCITS fund range.”
Godefroy de Colombe, global chief operating officer of AXA Investment Managers, added: “As part of our simplification efforts and to improve efficiency, we have appointed HSBC to provide consolidated custody and depositary services.
“We are confident this broader relationship will help our UK UCITS funds benefit from synergies over the long run, and ultimately benefit the end client.”
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