AXA, the financial services and investment giant, has reorganised its collection of wealth management businesses under a single UK-based umbrella called AXA Wealth, as part of moves by the French-listed firm to make further inroads into this sector.
AXA, the financial services and investment giant, has reorganised its collection of wealth management businesses under a single UK-based umbrella called AXA Wealth, as part of moves by the French-listed firm to make further inroads into this sector.
The AXA Wealth unit, to be led by Mike Kellard as chief executive, will include the following businesses: AXA Winterthur Wealth Management, AXA Distribution Services and its Elevate wrap proposition, Architas Multi-Manager, and AXA Wealth International. The latter business includes the offshore businesses in the Isle of Man and access to offshore products in Dublin.
As part of the change, AXA Wealth will “realign the business to focus on investments, platform-based solutions and clear and profitable market segments”, a statement from the firm said.
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