A New Year message from our Executive Chairman, Marco Morelli
As we reach the holiday season, and just pass the 100 day anniversary of me starting my role as Executive Chairman of AXA IM, I’d like to take this opportunity to reflect on 2020. This has been a truly exceptional year for all of us, and it’s worth us taking a step back to appreciate how together we have still moved forward.
Market volatility is something which active asset managers such as AXA IM aim to anticipate and mitigate against, but the considerable impact resulting from the Covid-19 pandemic was compounded by the wider circumstances of governments imposing lockdowns, and was therefore without parallel.
As was our response. Our business moved to a virtual one, and at pace, in a matter of weeks. Our experts immediately looked for ways to manage performance and mitigate risk in portfolios: successfully seeking alternative solutions to meet our clients' investment goals, and navigate this strange new world. Digital tools helped to keep us close to our clients, the markets, and our employees.
Whilst working with agility to meet our clients' immediate needs, I am proud to say that we never lost sight of our common long-term goals. With being a responsible investment manager at the core of everything we do, our actions continued to help our clients, our people and the world to prosper, through the investments we manage and the influence we have as investors. Partnerships, such as those we formed with the Access to Medicine foundation, are also critical to combat health crises across the globe, and by investing for impact, we believe we can create long term and positive change.
It is already clear that this crisis has transformed our industry. I believe that it has further reinforced our purpose as a business, and together with AXA, why we do what we do:
To act for human progress by investing for what matters
I believe that we can look forward with optimism to the new year as we work together to make progress in the post-pandemic world.
Happy New Year to you and your loved ones.