AXA Phl unaffected by BNP Paribas move

Insurance and financial service provider AXA Philippines announced that there will be no changes in its investment-linked insurance products and fund management following the billion-euro deal acquisition of AXA Investment Managers (IM) by French banking giant BNP Paribas.

- By MARCO LUIS BEECH

The company assured clients that despite the transition in ownership, operations in the country will remain uninterrupted and stable.

"For AXA Philippines, as one of the AXA Group's key markets, this means that while transitions are in place, customers can expect uninterrupted service and continued stability," AXA Philippines said in a statement.

"There will be no immediate changes to AXA IM's business, its legal entity name, fund managers, fund names and investment strategies," it added.