"Goldman Sachs' longstanding involvement with the AXA Group has translated into a close relationship with AXA IM, which was established three years ago. We are one of the largest investors in Europe and Goldman Sachs has been instrumental in helping us broaden our business and grow. Not only has it been one of our main counterparties and a key provider of liquidity, but it also played an important role in helping us develop new skills and new products. The firm supported our entry into the emerging European corporate bond market, and then, as we became increasingly involved with structured products, it provided outstanding counsel and support on two high-yield CDOs. Similarly, on the equity side, the Goldman Sachs people were there with us as we moved into the exchange-traded fund market. They helped us structure our offering and worked closely with us in bidding for licenses. Throughout all of this, Goldman Sachs has provided high quality people, technical expertise and a consistent response. When we work together, we have been extraordinarily successful."

Robert Kyprianou
Global Head of Fixed Income and Structured Asset Management
AXA Investment Managers