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.
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.'