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

Take Two: Fed stays cautious; Eurozone business activity falls
by AXA Investment Managers 27 November 2023 (3 min read)

Mind the gap: Investors’ role in balancing fairness and competitiveness in executive pay
by Alexandre Prost 22 November 2023 (10 min read)
Investment Institute

Global Factor Views: Momentum and Quality fare best amid economic resilience and higher-for-longer rates
by Jonathan White, Daniel Gradeci 20 November 2023 (10 min read)
Investment Institute

Take Two: US inflation falls; Japan’s economy contracts
by AXA Investment Managers 20 November 2023 (3 min read)

Dies IRA?
by Gilles Moëc 20 November 2023 (10 min read)
Investment Institute

Giving thanks (to bullish markets)
by Chris Iggo 17 November 2023 (5 min read)
Investment Institute
