Simon Flood leaves Lion to head up APAC for AXA IM

11 July 2014   Category: News, Asia, Global, Hong Kong, Singapore   By Daniel Shane

AXA Investment Managers (IM) has appointed Lion Global Investors’ (LGI) former chief investment officer, Simon Flood, as its new head of Asia-Pacific.

Mr. Flood, whose appointment is effective from August 1, will be based in Hong Kong. He succeeds Jean-Pierre Leoni, who will return to France as head of AXA IM’s client management group after a four-year stint in Asia.

Mr. Flood will report to global head of client group, Laurent Seyer, and will guide AXA IM’s overall development in Asia, including Japan. He will also join the investment management firm’s executive committee.

“Our focus as a business is on growing third-party assets through geographical expansion, client segmentation and further strengthening of our product offering,” commented Mr. Seyer.

“Asia is a key market for us and with Simon on board, we will work to accelerate our expansion in Asia building on the solid foundations achieved by Jean-Pierre Leoni and the team over the past few years.”

Prior to his five-year term at Singapore-based LGI, Mr. Flood held senior investment roles including leading the Asia-Pacific, ex-Japan, business for Merrill Lynch Investment Managers. He has also worked as an executive director at UK-based, technology-focussed venture capital firm Imprimatur Capital.

AXA IM, which had approximately €562 billion (US$761.20 billion) in AUM as of March 31, has been expanding its investment team in Asia. In December 2013, Aidan Yao joined as senior emerging Asia economist and Jim Veneau joined as head of fixed income Asia. Additionally, Mark Tinker transferred from London to Hong Kong in September 2013 to take the role of head of AXA Framlington Asia.

AXA IM currently has 23 registered funds in Hong Kong, with 13 registered in Singapore. It has been operated in the region since 1998, with offices in Hong Kong, Beijing, Singapore, Sydney, Tokyo, in addition to joint ventures in Shanghai, Seoul and Mumbai.