Asset Management

Axa set to cut 90 jobs in bid to streamline business

The cuts will impact the asset manager’s operations teams as well as Axa IM Core

Managers are feeling the pinch as rate hikes put pressure on assets
Managers are feeling the pinch as rate hikes put pressure on assets Photo: Alamy Stock Photo

Axa is set to cut 90 jobs from its asset management arm as part of plans to streamline the firm.

The cuts will impact the asset manager’s operations teams as well as Axa IM Core, which includes its equities, multi-asset and fixed income teams.

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