Axa plans India move

Axa Investment Managers is planning to set up an asset management business in India with Axa Asia Pacific Holdings and Bharti Enterprises, one of the country’s most prominent business groups.

Sandeep Dasgupta, CEO of Deutsche Asset Management (India) since 2001, has been named CEO of the project, which will combine Axa IM’s investment expertise and Axa APH’s marketing and distribution capabilities with Bharti’s local customer base and reputation.