BNP Paribas brings AXA IM under single asset management platform following acquisition

Written by Natalie Tuck

06/01/2026

BNP Paribas has completed the integration of AXA Investment Managers (AXA IM) into its asset management operations, consolidating the business into a single platform with more than €1.6trn in assets under management.

The development follows BNP Paribas’ acquisition of AXA IM on 1 July 2025, which was first mooted in late 2024.

The subsequent merger of AXA IM, BNP Paribas Real Estate Investment Management and BNP Paribas Asset Management into a unified structure, owned by BNP Paribas Cardif, was completed on 31 December 2025.

The combined asset management activities now operate under the BNP Paribas Asset Management brand.

The group said the move positions BNP Paribas AM among the top three asset managers in Europe, serving institutional, corporate, retail and wealth clients globally.

Its liquid assets platform now totals more than €1trn, while its alternatives platform stands at around €300bn, making it the largest in Europe.

BNP Paribas deputy chief operating officer and chairman of BNP Paribas Cardif’s board, Renaud Dumora, said the integration strengthens the firm’s ability to support long-term savings, which he described as one of Europe’s key challenges.

“The realisation of this project in line with our initial roadmap reflects the commitment of all teams, but also the conviction that having a strong asset management platform within our integrated model enhances our capacity to serve, on the one hand, individuals, institutional funds and insurers, and on the other hand, more broadly, our economy,” he said.

BNP Paribas Asset Management CEO, Sandro Pierri, added that the completion of the merger marks “a decisive step” in building a leading platform across all major asset classes.

“We are excited by the long-term potential this combination creates to deliver superior investment performance for our clients across asset classes and accelerate growth for our asset management activities,” he said.

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