Axa closes Irish investment arm due to market conditions

French insurance giant Axa is to shut its Irish investment operation due to difficult market conditions.

5th May, 2012

French insurance giant Axa is to shut its Irish investment operation due to difficult market conditions.

Axa Financial (Ireland) has closed for business with immediate effect, but will continue to provide investment services to existing customers until the end of July.

"Unfortunately, the projections for the operating environment for the Axa Financial business are very challenging and, for this reason, Axa Financial (Ireland) has concluded that it is in its best interests to commence an...

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