Axa Investment Managers plans to hire 50 new people over the next three years, with the bulk of the additions in the Americas and Asia, as part of its push to expand its third-party assets under management.

The fund manager, owned by French insurer Axa, currently manages €547 billion in assets, of which about a third belong to third-party investors. Chief executive Andrea Rossi has ambitions to double that by 2020.