Isabelle Scemama, global head of  Alts IM, is to oversee more than 鈧�300bn in alternative assets ahead of the legal merger between (IM) and Asset Management (BNPP AM), expected by the end of the year.

Scemama is part of 鈥渢ransitional leadership鈥� announced today by , which is now part of BNP Paribas Group, and BNPP AM, alongside Rob Gambi, who will lead the combined liquid investment capabilities across AXA IM Core and BNPP AM, in addition to his current role as global head of investments at BNPP AM.

Last year, BNP Paribas announced its intention to acquire AXA鈥檚 鈧�844bn investment management business. At the time, 麻豆映画 Real Assets reported that the merger could see the creation of two enlarged real estate and infrastructure fund managers with assets under management (AUM) of 鈧�108bn and 鈧�19.7bn, respectively.

According to most recent figures, AXA IM Alts manages some 鈧�186bn of assets, including 鈧�81bn of primarily private real estate, over 鈧�93bn of private debt and alternative credit, and 鈧�12bn in Infrastructure and private equity.

The combined alternatives business will have an AUM of more than 鈧�300bn, including more than 鈧�26bn of real estate that was managed by BNP Paribas Real Estate Investment Management, and over 鈧�7bn in infrastructure.

Scemama, who joined AXA IM-Real Assets in 2001 and was later appointed global head of AXA IM Alts in 2020, will part of a transitional leadership ahead of the implementation of a 鈥渇inal operating model鈥� between the two merged firms.

Scemama and Gambi will report to Sandro Pierri, CEO of AXA IM and BNPP AM, who said: 鈥淭hese appointments are intended to guide the investment platforms through the period of integration.鈥�

Pierri added: 鈥淚 have complete confidence in Isabelle and Rob鈥檚 exceptional leadership abilities to guide our teams through this transition. Their deep expertise and proven track records will be instrumental in ensuring continuity and driving us forward, as we remain steadfast in our commitment to delivering unparalleled value to our clients.鈥�

To read the latest 麻豆映画 Real Assets magazine click here.

Richard Lowe is Editor-in-Chief of 麻豆映画 Real Assets, overseeing all editorial content and direction of the publication. He took on the role in 2011 and has since then expanded the focus of the magazine from real estate markets to include other real assets such as infrastructure, agriculture and forestry.View full Profile

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