AXA Investment Managers has appointed John Porter as Global Head of its Fixed Income division.

John Porter will replace Theodora Zemek who has decided to leave the company. Based in London, John Porter will become a member of AXA IM’s Management Board and report to CEO Andrea Rossi.

Andrea Rossi, CEO of AXA IM, said: "We are thrilled that John will be joining us to oversee the next stage in the growth of our Fixed Income division. He has had a very diverse and hugely successful career and brings with him extensive experience from across the fixed income spectrum, as well as a strong understanding of the challenges facing our clients."

John Porter, global head of Fixed Income at AXA IM, said: "I am pleased and excited to be joining AXA IM. I am inheriting a very strong and diversified Fixed Income business and my goal will be to work with this hugely talented and experienced team to continue to grow our third party assets under management through the same investment approach and philosophy, compounding current income and avoiding principal loss through fundamental credit analysis and macroeconomic research."

Rossi added: "I would like to take this opportunity to thank Theo for the very significant contribution she has made to our business. She joined us in the middle of one of the most challenging crises the financial world has ever experienced and under her leadership our fixed income business has grown to become a recognised industry leader and innovator with €380bn in AuM globally."