Kiran Patel said on Tuesday he was resigning as global head of business development, distribution, research and strategy at AXA Real Estate to pursue new opportunities. Patel will leave the company at end-December after 11 years with the French property fund management group.

'I have come to a particular stage in my career which requires a change in direction. It is time for me to reflect and seek out alternative challenges/opportunities,' Patel said.

Until year-end, Patel will work together with the rest of AXA's board to ensure a smooth transition in the business.