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

Global Factor Views: US policy uncertainty drives improved outlook for Quality and Low Volatility
by Jonathan White, Arunkumar Rajan 07 March 2025 (7 min read)
Investment Institute

Ninety-nine red flags
by Chris Iggo 07 March 2025 (5 min read)
Investment Institute

Market uncertainty ramps up as geopolitical tensions rise
by Chris Iggo 06 March 2025 (7 min read)
Investment Institute

CIO Views: Tariffs, interest rate risk and AI in China
by Chris Iggo, Alessandro Tentori, and others 06 March 2025 (5 min read)
Investment Institute

CIO Views: Navigating Trump’s tariffs and interest rate risk in 2025
by Chris Iggo, Alessandro Tentori, and others 06 March 2025 (5 min read)
Investment Institute

Robotech Stories – Automate from field to plate
by AXA IM Investment Institute 05 March 2025 (3 min read)
Investment Institute
