AXA IM Nabs Ex-Picet Asset Management Exec

AXA Investment Managers hires a former executive from Pictet Asset Management as its Asia head of institutional sales. AXA IM has hired Carmen Lai as its head of institutional sales for Asia, according to a statement, reporting to APAC head of client group core Terence Lam in the Hong Kong-based role.

Lai will oversee the development of AXA IM’s institutional business and client relationships in Asia, tasked initially to build a dedicated sales team for the North and Southeast Asia markets.

Lai is a veteran in the asset management industry in the region, joining from Pictet Asset Management where she spent a decade, last as its Asia ex-Japan head of institutional sales. Previously, she also worked for Blackrock.

In addition, AXA IM also appointed Kyle Wang as Asia head of sovereign and supranational Entities (SSE). Wang will report to Lam and work closely with Lai.

Institutional clients remain a key focus for AXA IM’s Asian growth strategy, where we continue to see robust momentum, said Matt Lovatt, global head of client croup core and member of AXA IM’s management board.

The enhanced team will reinforce the business coverage of AXA IM Core across the region, as we uphold our pledge to uncover global investment opportunities and offer active, long-term, and responsible investment solutions for our valued clients.