Axa IM-Real Assets picks new head of asset management and development

[caption id="attachment_1012107" align="alignright" width="150"] Laurent Lavergne[/caption] AXA Investment Managers – Real Assets has promoted Laurent Lavergne as global head of asset management and development. Lavergne, currently co-head of fund management alongside Timothé Rauly, will start his new role at the beginning of next year leaving Rauly as the sole head of fund management. He replaces Andrew Stainer, who is moving back to Australia where his family is based. Stainer will remain actively involved with AXA IM – Real Assets as a strategic adviser, reporting directly to chief executive, Isabelle Scemama, but will step down from the management board. He will spend half his time in Europe during a transition period. Lavergne already sits on the AXA IM – Real Assets board and has been with the company since 1994. Scemama said: “As a business we place an enormous amount of importance and emphasis on our ability to asset manage value for our clients and it is very important that we have the right leadership in place. I am therefore very pleased that Laurent has agreed to step into Andrew’s role and also that Timothé will take full responsibility for our fund management division; they are both highly professional practitioners who have continually proven themselves over many years at AXA IM – Real Assets. “I would also like to take this opportunity to thank Andrew for his contribution to AXA IM – Real Assets over the last five years in Europe and, while sorry to see him move, I completely understand his decision to relocate back to Australia to be with his family. I am also pleased that he will remain with us as a strategic adviser and I very much look forward to continuing to work with him in this new role.” To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette