Axa Investment Managers has hired David Shaw as a replacement to Dan Harlow on the Axa Framlington American Growth fund.
Dan Harlow left the US equity fund to takeover the Axa Framlington UK Small Companies fund. He replaced Henry Lowson, who has since been hired by Royal London Asset Management (RLAM).
Mr Shaw will now become deputy manager on the £559m American Growth fund alongside Stephen Kelly.
Mr Shaw joins Axa IM from Aerion Fund Management, the in-house asset manager for the National Grid Pension Scheme, that is currently being sold to Legal & General Investment Management.
He has over 20 years experience in both North American and UK equity investing. Mr Shaw spent the last 13 years co-managing a £900m North American equity portfolio for Aerion.
Global head of Axa Framlington equities, Mark Beveridge, said: “David brings with him extensive experience of the US equity market and we are confident his background will complement the existing management of the fund.”
Mr Shaw’s hiring brings to a close a merry-go-round of appointments between Axa IM and RLAM.
Henry Lowson left Axa IM in early June, and has since been named as a replacement to UK smaller companies manager, Victoria Stewart. She will leave RLAM to “pursue new opportunities” in September.
Dan Harlow moved from the American Growth fund to replace Mr Lowson on the £286m Axa Framlington UK Small Companies fund. He was initially hired by Axa IM to work on the UK small-cap fund, but left in 2011 to join Mr Kelly on the US equity vehicle.
This all comes after Richard Marwood moved across from Axa IM to RLAM earlier this year. He worked at Axa IM for two decades and ran products including the £897m Distribution fund. He is now a listed manager on the £524m Royal London UK Growth fund.
