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Laurent Clavel

Chief Investment Officer (CIO) and Global Head of Multi-Asset

Laurent is CIO and Global Head of Multi-Asset at BNP Paribas Asset Management.

Laurent has joined BNP Paribas Asset Management following the acquisition of AXA IM in 2025. He’s responsible for all activities related to the management and performance of diversified portfolios invested in a discretionary manner across multiple asset classes (equities, bonds, cash, etc.) in order to optimise the return/risk profile.
 

He joined AXA IM in 2015 as International Economist, before becoming Head of Macroeconomic Research then, Head of the Quant Lab, focusing on quantitative research and became, in 2022, Global Head of Multi-Asset, AXA IM Core.

He had previously been working at the French Ministry of Finance (INSEE, Treasury, Budget) for ten years.

Laurent graduated from Ecole Polytechnique and holds an MSc. in Economics from the Paris School of Economics, Statistics and Finance.

Laurent is based in Paris.

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    Disclaimer

    This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of BNP PARIBAS ASSET MANAGEMENT Europe or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.

    Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

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    Disclaimer

    BNP Paribas Group's acquisition of AXA Investment Managers was completed on 1 July 2025, and AXA Investment Managers is now part of BNP Paribas Group.

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    This publication is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments, nor does it constitute on the part of BNP Paribas Asset Management or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.

    Market commentary on the website has been prepared for general informational purposes by the authors, who are part of AXA Investment Managers. This market commentary reflects the views of the authors, and statements in it may differ from the views of others in BNP Paribas Asset Management.

    Due to its simplification, this publication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this publication is provided based on our state of knowledge at the time of creation of this publication. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

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