Axa names head of Australian real assets

SydneyA division of Axa Investment Managers that deals in property and infrastructure has appointed Kumar Kalyanakumar as head of Australia. Kalyanakumar was one of the founders of Eureka Funds Management, a real estate manager acquired by Axa Investment Managers Real Assets in 2016. “Kumar has played a significant role in the growth of Eureka as well as its integration into Axa Investment Managers Real Assets,” said Laurent Jacquemin, head of Asia Pacific. Kalyanakumar takes over from Bob Kelly, another Eureka founder, who will stay on as a non-executive director. Axa Investment Managers Real Assets has €74 billion ($91 billion) under management, largely in direct property and infrastructure investments. When Eureka was acquired, it added about 5 billion Australian dollars ($4 billion) to its new owner’s asset base. ©2018 funds global asia

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