AXA Investment Managers has appointed HSBC as sole global custodian and depositary for its UK UCITS fund range, covering 36 funds and GBP12.6bn (USD17.1bn) AuM. The AXA IM UK UCITS range consists of AXA IM Framlington Equities active funds, AXA IM Rosenberg Equities quantitative investment funds, as well as funds from AXA IM’s fixed income, multi-asset and specialist investment businesses.
Godefroy de Colombe, global chief operating officer, AXA Investment Managers, said: “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.”