French insurer AXA is considering options for Axa Investment Managers, including potential merger talks with BNP Paribas Asset Management.

The discussions involve potentially creating a joint venture between Axa Investment Managers and BNP Paribas Asset Management. Together, these units manage nearly €1.4 trillion in assets, making them the third and fourth largest asset managers in France, respectively.

While the negotiations are ongoing, there is no certainty that they will culminate in a deal. Axa is also exploring other merger opportunities with different French asset management firms.

This potential joint venture reflects the broader trend in the asset management industry, where firms are seeking to increase their scale to remain competitive. Combining resources could enhance their market position and operational efficiencies in a competitive sector.