Mr Craine's role at the company was dissolved in line with completion of the FUM integration.
"Currently I am working on a number of different projects. I plan to take some time off over the summer and then asses my career going forward," Mr Craine told InvestorDaily.
"I have a number of options going forward for next year. I think it's likely I'll stay in the same industry but looking for a change in the type of role I've been doing," he said.
Mr Craine has been closely involved with the integration of Axa's investment business with AMP Capital and was responsible for the transition of Axa's investment management, back office and governance functions to AMP Capital.
The transition was fully completed as at 30 September 2012.
Mr Craine joined the Axa Group in 1989 and joined AMP Capital as part of the 2010 merger between the two companies.
During his career with AXA he worked in a variety of roles in New York, Paris, Hong Kong and Melbourne.
Similarly, in April, Axa Asia Pacific chief investment officer (CIO) Mark Dutton left the company following completion of integration of Axa's investment funds with AMP Capital.
Since the merger of AMP and Axa Asia-Pacific in March last year, Dutton was responsible for the integration of the Axa and Alliance Bernstein funds into AMP Capital.
This process saw the company terminating an almost $6 billion fixed income mandate with AllianceBernstein in February this year as it transferred the management to AMP Capital.
In total, about $30 billion in assets under management (AUM) transferred from Axa Asia Pacific to AMP Capital, which became the responsibility of Mr Craine.
A spokesperson for the company said there were no further staff exits from the investment team, following the completion of the integration of the Axa funds.
