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

Inflation Quarterly Update – Jan 2025
by Elida Rhenals 28 January 2025 (3 min read)
Investment Institute

Postcard from Davos
by Gilles Moëc 27 January 2025 (10 min read)
Investment Institute

US clean energy and power demand: A more positive outlook than meets the eye
by Tom Atkinson 27 January 2025 (10 min read)
Investment Institute

Take two: Markets up on Trump’s return; Japan raises rates to highest in 17 years
by AXA Investment Managers 27 January 2025 (3 min read)
Investment Institute

Why engaging with companies on biodiversity matters more than ever
by Virginie Derue, Jane Wadia 24 January 2025 (7 min read)
Investment Institute

Every which way, markets are ok
by Chris Iggo 24 January 2025 (3 min read)
Investment Institute
