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French finance group splits asset management business in two

French company Axa, which recently purchased a Danish real estate portfolio worth EUR 173 million, is creating two new asset management businesses through the split, Bloomberg writes.
Axa Investment Managers, which has completed two Danish real estate purchases, is part of the AXA financial group. | Photo: Arnd Wiegmann / Ritzau Scanpix
Axa Investment Managers, which has completed two Danish real estate purchases, is part of the AXA financial group. | Photo: Arnd Wiegmann / Ritzau Scanpix
by JULIE THOMSEN

French financial group Axa is dividing its business unit for asset management into two and creating a new, EUR 137 billion asset management division, Bloomberg reports.

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