AXA Investment Managers (AXA IM) has hired Isabelle Scemama as CEO of AXA IM – Real Assets, replacing Pierre Vaquier who is leaving the firm to pursue other interests.

Scemama most recently served as CEO of AXA REIM SGP, the French regulated entity of AXA IM – Real Assets, with responsibility for the funds group. She joined AXA IM in 2001 to head real estate fund structuring and financing.

The company also appointed Heidi Ridley as CEO of AXA IM Rosenberg Equities and Kathleen Houssels as global CIO, replacing Jeremy Baskin who is leaving the firm. Both Ridley and Houssels service will take up their new roles on 1 March 2017.

Scemama and Ridley will report to AXA IM CEO Andrea Rossi and Houssels will report to Ridley.

Ridley, who joined AXA IM in 2003 to lead AXA IM – Rosenberg Equities’ mutual fund business in the US, previously served as global COO and chief of staff for AXA IM – Rosenberg Equities since 2011.

She also held various roles in the company, including head of institutional sales and product development for North America, global head of investment strategy and communications.

Houssels joined AXA IM – Rosenberg Equities in 1999, and formerly was head of research and investment models at the company.

Commenting on the appointments, Rossi said: “I am very pleased to welcome Isabelle and Heidi to the AXA IM Management Board and have every confidence that they will work to ensure a smooth transition for our clients. Despite challenging market conditions, AXA IM continues to grow as a business and I look forward to working with Isabelle and Heidi to build on this strong growth momentum by continuing to support our clients through our focus on meeting their long-term needs.

 “We have a strong leadership team within AXA IM – Rosenberg Equities and I am very pleased to be able to announce the promotions of Heidi and Kathleen. As Global COO and Chief of Staff, Heidi has been working closely with Jeremy Baskin in the leadership and management of AXA IM – Rosenberg Equities over the past six years,” Rossi added.