BNP Paribas and AXA Investment Managers have combined their two trading teams within BNP Paribas Dealing Services.
The move marks a further development of BNP Paribas’ acquisition of the firm in July 2025, in a deal valued at €5.1 billion.
The firms have now completed all main legal mergers, spanning AXA IM, BNP Paribas Real Estate Investment Management (BNPP REIM) and BNP Paribas Asset Management (BNPP AM), to form a single entity – BNP Paribas Asset Management.
As part of the move, several members of AXA IM’s trading team have officially joined BNP Paribas Asset Management.
“Benefiting from a critical size in public and alternative assets, BNP Paribas would serve its customer base of insurers, pension funds, banking networks and distributors more efficiently,” said Jean-Laurent Bonnafé, director and chief executive of BNP Paribas, speaking in August 2024.
“The strategic partnership entered into with AXA, the cornerstone of this project, confirms the ability of both our groups to join forces. This major project, which would drive our growth over the long-term, would represent a powerful engine of growth for our Group.”
Read more – BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV
As part of the acquisition, the firm signed a long-term partnership with the AXA Group to manage a large part of its assets, and will allow BNP Paribas Group to form a European asset management platform encompassing more than €1.5 trillion in assets under management.