AXA Investment Managers has appointed a head of its €500m real assets business in the Netherlands, news which comes at a time of upheaval in the division's senior ranks with the arrival earlier this year of a new CEO and the loss of its chief investment officer.

Crispijn Stulp will become head of asset management and transactions for the Netherlands at AXA IM Real Assets, the firm said in a statement this morning. In his new role he will lead the day-to-day management of the local team, reporting to Guy Van Wymersch, head of asset management and transactions for the Benelux countries, and to Laurent Jacquemin, European head of transactions.