The company says the restructure will support an “ambitious strategy and better align with clients needs.”

The change could see 210 jobs axed worldwide with 160 in France and 40 in the UK at risk.

AXA IM’s future operating model is to be centred on four principles – “simplicity, agility, empowerment of teams and consistency.”

The firm intends to organise its structure in four “pillars”:

• Client relationships centred on two distinct segments – institutional and wholesale/retail
• Core investments bringing together the fixed income, Framlington Equities and multi-assets client solutions platforms
• Alternative and specialty investments comprised of real assets, structured finance and chorus as well as Rosenberg Equities and high yield
• Transversal support functions including global transformation, HR and communications, global operations, as well as general secretary functions with the aim to support and enable AXA IM’s transformation

Andrea Rossi, chief executive of AXA IM, said: “I believe the steps we are looking to take not only respond to our industry challenges in terms of customer centricity but also provide AXA IM with an inspiring vision and roadmap for the future.

“Accelerating our strategy as an active manager thanks to new ways of operating and a simpler organisation, notably in the alternative investment space, while becoming even stronger in core investments will foster sustainable growth for the ultimate benefit of all our stakeholders.”

Referring to the potential job losses Mr Rossi added: “AXA IM is committed to supporting its employees through the change period and to limiting social consequences as much as possible.”

A new management team will support Mr Rossi:

• Francisco Arcilla as global head of sales
• Bettina Ducat as global head of product, retail and institutional development
• Matthew Lovatt as global head of AXA IM Framlington Equities
• Jean-Christophe Ménioux as general secretary and CFO
• Joseph Pinto as global chief operating officer
• Heidi Ridley as CEO of AXA IM Rosenberg Equities
• Isabelle Scemama as CEO of AXA IM Real Assets
• Hans Stoter as Global Head of Fixed Income
• Amélie Watelet as chief transformation officer and global head of HR and communications