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AXA IM's Marwood exits as trio promoted to Distribution range

AXA IM's Marwood exits as trio promoted to Distribution range

Richard Marwood (pictured) has left AXA Investment Managers (AXA IM), with former co-manager Jim Stride to take over his responsibilities on its Distribution fund range.

Citywire A-rated Jamie Forbes-Wilson, Matthew Huddart and William Howard will become co-managers to the distribution funds.

Forbes-Wilson will join the £934 million AXA Distribution fund and the AXA Lifetime Distribution fund, while Huddart will become co-manager of the £332 million AXA Defensive Distribution fund and £181 million AXA Ethical Distribution fund, while Howard will serve as co-manager of the £100 million AXA Global Distribution fund.

Marwood, formerly lead fund manager of the team, was with AXA IM for 20 years.

'Under Jim’s leadership the well established Distribution fund range has served the needs of cautious clients well, aiming to grow income with the prospect of capital growth,' said AXA IM head of UK wholesale distribution Rob Bailey.

'We would like to thank Richard for his contribution over the last twenty years and wish him the best for the future. At AXA IM we have a deep pool of talent, particularly in UK equities, and I am confident that we will continue to provide clients with the consistent risk adjusted returns they have come to expect.'

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Jamie Forbes-Wilson
Jamie Forbes-Wilson
83/176 in Mixed Assets - Balanced GBP (Performance over 1 year) Average Total Return: 3.07%
Richard Marwood
Richard Marwood
45/151 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 27.68%
William Howard
William Howard
61/84 in Equity - Global Equity Income (Performance over 3 years) Average Total Return: 22.74%
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