AXA names new chief economist as Chaney retires

AXA has appointed Laurence Boone as chief economist of the AXA Group and head of Research at AXA Investment Managers (AXA IM).

She succeeds Eric Chaney who will retire in September. Boone will also sponsor AXA IM’s client relationships with sovereign wealth funds, central banks and state pension funds.

Boone will join in March and will be based in AXA IM’s Paris office where she will head a global team of 10 economists and investment strategists.

“She will also leverage her considerable experience to help AXA IM better understand and meet the needs of sovereign wealth funds, central banks and state pension funds, a role she will be more focused on during the transition phase,” stated AXA Group.

As chief economist for AXA Group, Boone will be responsible for providing “a vision on the most likely scenarios for the global economy in the medium to long term, as well as an assessment of the main macroeconomic risks.”

She will also be a member of AXA IM’s executive committee.

Boone will join from the Elysée where she was special advisor to the French President François Hollande on multilateral and European economic and financial affairs including responsibility for managing G20 negotiations on behalf of the President and for managing relationships with the EU institutions, IMF and member states on economic and financial issues.

Formerly. she was chief economist, Europe, at Bank of America Merrill Lynch (2011-2014)  and from 2004 to 2011 she held the role of chief economist, France, at Barclays Capital.

From 1998 to 2004, she was an economist at the Organisation for Economic Cooperation and Development (OECD) after she worked as an analyst at the Centre d’Etudes Prospectives et d’Informations Internationales (1996-98) and as a quantitative analyst at Merrill Lynch Asset Management (1995-96).

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