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

Three things for investors to look out for in Asia in 2023
by Ecaterina Bigos 09 January 2023 (5 min read)
Investment Institute

Take Two: Fed minutes warn of ‘misperception’; IMF expects third of world to be in recession
by AXA IM Investment Institute 09 January 2023 (3 min read)
Investment Institute

New Year, Still Impatient Markets
by Gilles Moëc 09 January 2023 (5 min read)
Investment Institute

2023 starts cheaper but with new (and old) risks
by Chris Iggo 06 January 2023 (5 min read)
Investment Institute

Take Two: Russia bans oil sales to price-cap countries, Bank of Japan ramps up bond buying
by AXA IM Investment Institute 02 January 2023 (3 min read)
Investment Institute

Why semiconductors have become a geopolitical issue – and what it means for investors
by Chris Iggo, Tom Riley 21 November 2022 (7 min read)
Investment Institute
