A 30-year veteran of the fixed income and credit markets, who joined Axa Investment Managers just over a year ago to lead the €694 billion asset manager's efforts in global smart beta credit and UK buy-and-maintain strategies, has left.

Bill Healey, who oversaw £1.8 billion assets at Axa IM as part of his smart beta credit role, joined the firm in August 2014. He also ran the £14 billion UK buy-and-maintain business, a role in which he oversaw the management of fixed income strategies on behalf of third-party insurance companies.