Axa IM hires AllianceBernstein equity manager

Axa IM hires AllianceBernstein equity manager

Axa Investment Managers has appointed Michele Patri as a senior portfolio manager in the Axa IM Framlington Equities European team.

Mr Patri joined the firm last month and will work on total return equity strategies. He reports into Framlington’s head of European strategies Gilles Guibout.

He joins from AllianceBernstein where he spent 14 years managing global long-only equity funds and the European Flexible Equity fund. Mr Patri also spent seven years at Citigroup.

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Mr Guibout said: “[Mr Patri’s] extensive experience in investment management and in flexible equities strategies in particular make him a valuable addition to the team as we continue to see strong opportunities in European equity markets.”