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AXA Explores Options For European Asset Management Unit

French insurer AXA is now reviewing consolidation options for its asset management arm, with Natixis being considered as a potential partner, according to reports.

Axa is considering a merger or joint venture for the business, the report said.

The merger talk follows significant consolidation in the sector this year, with Standard Life joining forces with Aberdeen Asset Management last month and the new Janus Henderson Investors launching in H1.

Natixis is the worldwide corporate, investment, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France. Shares in Natixis and Axa both declined by roughly 1 percent in mid-morning trading on September 15.

AXA Investment Management, the company's investment arm, has £651 billion of AUM.

Paris-based investment services firm Amundi, now Europe's largest asset manager, is one model for consolidation that Axa may consider.



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