Economics provides a way of seeing how society fits together - and by testing economic theory against real outcomes, our research can provide real value for investors.
The Macro Research team provides global forecasts and analysis of macroeconomic and market developments across the world. He joined AXA IM in 2014 as a Senior Economist in the Research and Investment Strategy team, providing macroeconomic and market analysis, chiefly on the US and UK economies.
Prior to AXA IM, David spent four years with Lloyds Banking Group where he worked as the primary fixed income macroeconomist, with a specific emphasis on the UK. Before that, he spent 10 years with Investec, working most recently in the Securities team providing macroeconomic advice for the Group, specialising in UK and European affairs.
David initially joined Investec in the Treasury and Specialised Finance area, supporting interest rate trading activities. He started his career in the Government Economic Service in 1996, working in the Office of Electricity Regulation and subsequently for the Debt Management Office. David holds a Master’s degree in Economics from the University of Warwick and a Bachelor’s degree in Economics from the University of York.
Read more from David

Equality around the world: How Germany could close its gender pay gap
by Marie Fromaget 23 September 2019 (5 min read)

Gender diversity, technology and 24/7 working
by AXA Investment Managers 10 September 2019 (5 min read)

UK reaction: Prime Minister Johnson - Managing Inconsistencies
by AXA Investment Managers 23 July 2019 (5 min read)

AXA Investment Managers appoints Rachel Basarab-Horwath as Institutional Sales Director
by AXA Investment Managers 16 July 2019 (3 min read)

AXA Investment Managers selected by Foresters Friendly Society to manage Multi-Asset Mandate
by AXA Investment Managers 04 July 2019 (3 min read)
