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

Testing the Separation Principle
by Gilles Moëc 20 March 2023 (5 min read)
Investment Institute

Take Two: Banking sector turmoil muddies waters for Fed’s upcoming decision as ECB hikes again
by AXA IM Investment Institute 20 March 2023 (3 min read)
Investment Institute

Rates risk reverb
by Chris Iggo 17 March 2023 (5 min read)
Investment Institute

Banking sector controversy spooks markets
by Chris Iggo 16 March 2023 (7 min read)
Investment Institute

2023: The year of green, social and sustainability bonds? Three reasons to be optimistic
by Johann Plé 16 March 2023 (7 min read)
Investment Institute

Rising Interest Rates Hurt – Who Knew ?
by Gilles Moëc 13 March 2023 (3 min read)
Investment Institute
