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

Labour Market Gap
by Gilles Moëc 10 February 2025 (10 min read)
Investment Institute

Celebrating 10 years of Euro Credit Total Return strategy
by Boutaina Deixonne, Benoit de Laval, and others 10 February 2025 (3 min read)
Investment Institute

Take Two: Markets rebound from tariff-driven slump; Eurozone inflation rises
by AXA Investment Managers 10 February 2025 (3 min read)
Investment Institute

Seeking ex-China opportunities? Manage EM risk with ETFs
by AXA Investment Managers 07 February 2025 (7 min read)
Investment Institute

Assessing Sovereigns’ Progress Towards Net Zero for Fixed Income Investors
by Benjamin Jacot 06 February 2025 (5 min read)
Investment Institute

CIO Views: Steady income should not be overlooked
by Chris Iggo, Alessandro Tentori, and others 06 February 2025 (5 min read)
Investment Institute
