AXA IM adds one to European equities team
AXA Investment Managers (AXA IM) has appointed Michele Patri (pictured) as senior portfolio manager in the AXA IM Framlington Equities’ European equities team.
His focus will be on flexible equities strategies with a total return approach.
Patri, who joined the firm in January 2016, reports to Gilles Guibout, Head of European Strategies, AXA IM Framlington Equities.
Formerly, Patri worked at AllianceBernstein where he spent 14 years managing global long only equity funds as well as running a European flexible equity fund.
Prior to this, he has been seven years with Citigroup, first as a private banker serving high net worth private clients and later as portfolio manager in charge of long only pan-European strategies.
Patri commented: “I am pleased to join AXA IM and look forward to working with the European equities team at an interesting time for the markets. I believe clients tend to have asymmetric risk reward expectations, consequently our high conviction bottom up calls must be consistent with a disciplined assessment of the overall market environment.”
The European equities team at AXA IM Framlington Equities has 30 investment experts managing around €30bn in assets as at December 2015.