Axa Investment Managers has appointed its current chief executive officer in Japan as global head of sales, and named a new CEO in the country.

Francisco Arcilla joined Axa IM as CIO and global head of funds of hedge funds in 2011 before becoming Japan CEO in 2015, finews.asia reported the move at the time.

He will now be tasked with driving the growth of the business and ensuring clients’ needs are represented and will also join Axa IM’s management board.

New CEO in Japan

Masahiro Shuto has taken over Arcilla’s role as Japan CEO and head of client group in Japan. Shuto joined Axa IM in 2012 and has been head of institutional sales in Japan since 2015.

Prior to joining Axa IM, he worked at Deutsche Bank managing the dealing and distribution desk for structured credit products. He began his career in 2001 at J.P. Morgan Securities Tokyo as a trader of interest rate derivatives before joining the real estate structured finance team.

Impressive Momentum

«Francisco has a strong track record of success in international sales and we believe his extensive commercial skills and in-depth knowledge of both our business and client needs make him the right person to take on this new position,» said Christophe Coquema, global head of client group at Axa IM.

«Masahiro will help build on the impressive momentum that has already been achieved in Japan. His promotion is testament to the outstanding talent we have in our Tokyo office,» added Coquema.