Axa Investment Managers has shaken up its top management teams after completing a widespread restructuring of its businesses in Europe.

Axa first laid out its restructuring plans in June, saying at the time that the goal was “sharpening its operating model” and “driving future growth and competitiveness”. Savings of €100m would come from a new business structure and the possible loss of more than 200 jobs in France and the UK, it said.