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

2025’s elections around the world: The who’s who and the so what…
by Danny Richards, Claire Dissaux, and others 23 January 2025 (10 min read)
Investment Institute

The good, the bad, the opportunities: green bonds in 2025
by Johann Plé 22 January 2025 (7 min read)
Investment Institute

Fixed Income Markets Quarterly Update
by Marion Le Morhedec 22 January 2025 (3 min read)
Investment Institute

Is now the time to switch from cash into short duration bonds?
by Chris Iggo 21 January 2025 (5 min read)
Investment Institute

Euro credit quarterly update
by Boutaina Deixonne 21 January 2025 (3 min read)
Investment Institute

Challenges and Opportunities: Navigating artificial intelligence and equity investing
by Ramkumar Rasaratnam 21 January 2025 (10 min read)
Investment Institute
