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AXA completes the sale of AXA Investment Managers to BNP Paribas

July 1, 2025

published at 7:00 AM CEST

AXA announced today that it has completed the sale of AXA Investment Managers (AXA IM) to BNP Paribas for cash proceeds* of Euro 5.1 billion. AXA also closed the sale of Select to AXA IM for a consideration of Euro 0.3 billion, bringing the total transaction value to the previously announced amount of Euro 5.4 billion** & ***.

AXA and BNP Paribas have today entered into a long-term partnership under which BNP Paribas will provide investment management services to AXA. AXA will retain full authority over product design, asset allocation and asset-liability management decisions. The combination of AXA IM and BNP Paribas creates a leading European asset manager, with total assets under management of Euro 1.5 trillion****.

Thomas Buberl

Chief Executive Officer of AXA

Today marks the beginning of a new chapter for AXA IM. The combination with BNP Paribas positions AXA IM for future success by leveraging their combined strengths and capabilities. We look forward to the partnership with BNP Paribas to continue to deliver best-in-class investment solutions for AXA and its clients. I would like to extend my heartfelt gratitude to all AXA IM employees for their dedication and unwavering commitment, which have significantly contributed to the success of this homegrown business over the past 25 years.

* For 100% share capital of AXA IM, of which 98% is owned by the AXA Group
** Completed in two tranches: €0.1bn in March 2024 and €0.2bn in March 2025
*** Select (formerly named ‘Architas’) is an AXA company offering investment solutions, including management of funds, investment management services, advisory services, and investment related services, to retail customers in France, Belgium, Hong Kong, and Indonesia
**** As of December 31st, 2024, based on companies’ financial disclosures

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