New global head of real assets private equity Ruulke Bagijn, who joins from PGGM, will focus on building AXA Investment Managers – Real Assets’ infrastructure strategy, the real assets arm of the eponymous French insurer said in a statement.
“Ruulke’s immediate priority will be to define a strategy covering both equity infrastructure and equity investment opportunities in real assets complementary to our existing property expertise,” AXA IM said in a statement.
Through this newly created role, AXA hopes to strengthen its existing capabilities as well as “enter into new investment activities”.
Bagijn was previously PGGM’s co-chief investment officer of investment management and chief investment officer of private markets, a position that covered infrastructure as well as hedge funds, structured credit, private equity, insurance linked securities and private real estate.
Her departure from the Netherlands’ second-largest pension fund manager was announced in March. Prior to this she held several senior roles at Dutch lender ABN Amro.
The move comes about three years after AXA Private Equity spun out from parent company AXA Group, rebranding itself as Ardian upon completion of the transaction in September 2013.