Economics provides a way of seeing how society fits together - and by testing economic theory against real outcomes, our research can provide real value for investors.
The Macro Research team provides global forecasts and analysis of macroeconomic and market developments across the world. He joined AXA IM in 2014 as a Senior Economist in the Research and Investment Strategy team, providing macroeconomic and market analysis, chiefly on the US and UK economies.
Prior to AXA IM, David spent four years with Lloyds Banking Group where he worked as the primary fixed income macroeconomist, with a specific emphasis on the UK. Before that, he spent 10 years with Investec, working most recently in the Securities team providing macroeconomic advice for the Group, specialising in UK and European affairs.
David initially joined Investec in the Treasury and Specialised Finance area, supporting interest rate trading activities. He started his career in the Government Economic Service in 1996, working in the Office of Electricity Regulation and subsequently for the Debt Management Office. David holds a Master’s degree in Economics from the University of Warwick and a Bachelor’s degree in Economics from the University of York.
Read more from David

Trouble in Small America
by Gilles Moëc 17 April 2023 (7 min read)
Investment Institute

Take Two: FOMC minutes show ‘mild recession’ expected, China exports surge
by AXA IM Investment Institute 17 April 2023 (5 min read)
Investment Institute

Shifting the natural cost curve: The role of investors in protecting biodiversity
by Chris Iggo 11 April 2023 (3 min read)
Investment Institute

Biodiversity Q&A: Understanding a powerful new investment theme
by Mariana Villanueva 11 April 2023 (5 min read)
Investment Institute

Bank of Japan policy update: A question of when, not if
by Modupe Adegbembo, Ryutaro Kimura 11 April 2023 (7 min read)
Investment Institute

Take Two: IMF warns of growth hit from fragmentation, weak demand weighs on factory activity
by AXA IM Investment Institute 10 April 2023 (3 min read)
Investment Institute
