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

COP29 and the US election: Where does the battle against climate change go now?
by Virginie Derue 13 December 2024 (7 min read)
Investment Institute

Insurance investment outlook 2025: Navigating evolving markets and regulations
by Arnaud Lebreton, Philippe Argou 11 December 2024 (7 min read)
Investment Institute

Outlook 2025: Prospects for the race to net zero
by Nigel Topping 11 December 2024 (5 min read)
Investment Institute

Pensions investment outlook 2025: US policy uncertainty clouds road ahead
by Martin Sanders 11 December 2024 (5 min read)
Investment Institute

Debunking myths around US high yield bonds
by Robert Houle 10 December 2024 (3 min read)
Investment Institute

Take two: Global growth to remain steady in 2025 before easing; Eurozone activity at 10-month low
by AXA Investment Managers 09 December 2024 (3 min read)
Investment Institute
