Bank of India was founded in 1906 and has made rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations.
The bank has been in the forefront of introducing various innovative services and systems. Back in 1989, Bank of India was the first among the nationalised banks to establish a fully computerised branch and ATM facility. The Bank's association with the capital market goes back to 1921 when it entered into an agreement with the Bombay Stock Exchange (BSE) to manage the BSE Clearing House. This entity, which extends depository services to the stock broking community is called the BOI Shareholding Ltd.
The Bank has 4,001 branches (including specialized branches) spread across all states and union territories in India. It was the first Indian Bank to open a branch outside the country, at London, in 1946, and also the first to open a branch in Europe, Paris in 1974. Currently, it has a sizeable presence abroad with a network of 29 branches (including five representative offices) at key banking and financial centers.
On May 7, 2012, Bank of India (BOI) acquired a 51% stake in Bharti AXA Investment Managers Private Limited (BAIM) and Bharti AXA Trustee Services Private Limited (BATS). Consequent to this change in JV Partnership, BOI became a Co-Sponsor along with existing Sponsor, AXA Investment Managers ("AXA IM") and the Fund was renamed as BOI AXA Mutual Fund, and BAIM was renamed as BOI AXA Investment Managers Private Limited, and BATS was re-named as BOI AXA Trustee Services Private Limited.
(Source: Bank of India)
AXA Investment Managers Asia Holding Pvt Ltd, is a subsidiary of AXA Investment Managers (a part of AXA Group, one of the world’s largest players in the Financial Protection industry). AXA Investment Managers' multi-expert model is composed of an investment solutions team and 7 single-asset-class-focused investment teams that are empowered by the scalability of shared distribution and backed by support functions. Established in 1994 as a standalone, wholly-owned subsidiary, AXA IM manages both the AXA Group as well as third party assets.
AXA IM is headquartered in France and manages over €512* billion of assets worldwide as of December 31, 2011. It has over 2500 employees in 23 countries and manages funds in three global ranges: AXA World Funds, AXA Rosenberg Equity Alpha Trust & Easy ETF. With 66 awards# won in 2011 alone, AXA IM is also amongst the most respected Asset Managers in the world.
* As on December 31, 2011
# As on December 31, 2011
(Source: AXA IM)
National Mutual International Pty. Limited (NMIPL) is a wholly owned subsidiary of AXA APH. AXA Asia Pacific Holdings Ltd. (AXA APH) is listed on the Australian stock exchange and is 52.3% owned by AXA SA. AXA APH is responsible for AXA SA’s life insurance and wealth management businesses in the Asia-Pacific region. It has operations in Australia, New Zealand, Hong Kong, Singapore, Indonesia, Philippines, Thailand, China, India and Malaysia. AXA APH had A$83.9 billion in total funds under management and administration as on 31 December 2008 and reported a profit after tax of A$278.7 million for the year ending, December 2008. (Source: AXA APH)