Cheng Shu Liao

Kyobo AXA Investment Managers Co., Ltd. (Kyobo AXA IM) is an independent Korean investment management and advisory firm which was founded in 1988 as Kyobo Investment Management Co., Ltd. to provide asset management services. In 2009 they changed their name to Kyobo AXA Investment Managers Co., Ltd. as a result of the joint venture between Kyobo Life Insurance and AXA Investment Managers. Headquartered in Seoul, Kyobo AXA IM provides investment advisory services for private and institutional clients.

AXA Investment Managers Ltd. (Japan) (AXA-JAPAN) is the Japanese branch of AXA Investment Managers SA, itself a subsidiary of AXA SA (XP: CS) in France. Established in 1987 as a joint-venture between Rosenberg and the Nomura Group, the firm is located in Tokyo. AXA-JAPAN's clients are institutions, particularly pension funds. The firm advises regional portfolios for funds managed within the parent group and distributes the group's diverse range of equity, fixed-income, alternative and balanced products. The firm manages Japan-domiciled mutual funds, in particular the Nomura Asset AXA Rosenberg funds, and advises a range of AXA funds domiciled in European countries.