AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure. Whilst this is ongoing, we will continue to operate two seperate websites both branded BNPP AM. Learn more. 

Timothée Rauly

Global Co-Head of Real Estate, BNP Paribas Asset Management Alts Member of Management Board of BNP Paribas Asset Management Alts

Timothée is Global Co-Head of Real Estate at BNP Paribas Asset Management Alts, the alternative investments platform of BNP Paribas Asset Management.

As Global Co-Head of Real Estate, Timothée oversees the sourcing, selection and execution of transactions under-taken each year on behalf of clients. He is a member of the Management Board of BNPP AM Alts and, since 1st January 2026, is also Global Co-Head of Investment Management (REIM).

Prior to this, Timothée was Co-Head of Fund Management. He joined BNPP AM Alts (formerly “AXA IM Alts”), in 2006 to take the responsibility of investment into Commercial Real Estate Mortgage Loans. After that, Timothée was Head of CRE Finance, where he oversaw investments into private and public commercial real estate debt (mortgage loans, bonds, hybrid capital, securitization) as well as real estate funds with a variety of instruments (direct real estate, property bonds and stocks). He most recently held the position of Head of Funds Group. 

Previously, Timothée was deputy group treasurer of Unibail (a major European property company) in charge of a c. €3.5bn debt portfolio management, rating agencies relationships, and financial markets operations. He has over 22 years of industry experience.

Timothée graduated from HEC Paris in 2003 with a degree in Economics.

    Disclaimer

    This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of BNP PARIBAS ASSET MANAGEMENT Europe or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.

    Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

    Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales, No: 01431068. Registered Office: 22 Bishopsgate, London, EC2N 4BQ.

    AXA IM and BNPP AM are progressively merging

    AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure

    AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.