Axa adds currency team to fixed income

Axa Investment Managers has created a new currency management team within its fixed-income business in London, which will actively manage clients' currency risk. The team of two joins from Barclays Global Investors (BGI) in London; further hires are set to follow.

Andrew Dales, previously investment strategist for BGI's global market strategy group, becomes head of currency management at Axa. Jean-Phillippe Gruvel, formerly head of portfolio management for the alpha management group at BGI, joins

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