AXA IM Strengthens Management Team in Asia Pacific

AXA IM Strengthens Management Team in Asia Pacific

HONG KONG, March 21 /PRNewswire-AsiaNet/ --

The AXA Investment Managers group (AXA IM), the multi-specialist asset manager, announced today the appointment of Anthony Fasso as Asia Pacific regional director. Mr. Fasso's role will oversee operations for both AXA IM and AXA Rosenberg, a specialist global equity investment management firm within the AXA IM group. Based in Hong Kong, Mr. Fasso will have responsibility for the groups' offices in Hong Kong, Singapore and its Australian operations.

Under Mr. Fasso's direction, AXA IM and AXA Rosenberg will continue to develop their specialist investment capabilities in the region across a broad range of asset classes including fixed income, structured solutions, real estate, alternative assets, private equity and global equities. Mr. Fasso will join both the AXA IM Executive Committee and the AXA Rosenberg Global Executive Committee. He will report to Stephane Prunet, chief executive officer of AXA Rosenberg.

"Our business in Asia has seen considerable growth over the past several years as we have significantly increased assets in our more established markets," said Stephane Prunet. "We are committed to further building our business throughout the region, with a particular focus on developing entry strategies into new markets such as China and India, and are delighted to announce Anthony's addition to our senior management team."

Prior to joining the AXA IM group, Mr. Fasso was the executive vice president and managing director for Bankers Trust in Hong Kong. More recently, he was with Bank Julius Baer and Deutsche Bank in Asia Pacific.

About AXA IM

AXA Investment Managers is a multi-specialist asset management company within the AXA Group, a world leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers, with approximately euro 345.3 billion under management as at the end of December 2004. AXA IM employs over 2,100* people and serves clients in thirteen countries. AXA IM offers its clients an extensive range of asset management services: active fundamental equity management (AXA Rosenberg), fixed income management, classic and enhanced money-market funds, structured financing (ABS, CDOs, etc.) structured and balanced management, alternative investments, private equity (AXA Private Equity), multimanagement (AXA Multimanager) and property (AXA Real Estate Investment Managers). *(Source AXA IM 31.12.2004). For further information please visit www.axa-im.com.

About AXA Rosenberg

AXA Rosenberg was established in 1985 to provide specialized equity investment management services to institutional investors around the world. Founded by Dr. Barr Rosenberg, who still retains an ownership interest, the firm is majority owned by the AXA Investment Managers group. Today AXA Rosenberg manages almost $60 billion in domestic, international and global strategies for pension funds, foundations, government entities and high-net worth individuals in the United States, Europe, Asia and Japan.

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