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Axa Fofs will go to Architas

Axa has revealed that its Axa Framlington range of six funds of funds will pass to its new multi-manager investment firm Architas.

The launch of the Architas Fofs in July marks the firm’s first offering, with manager of manager and hybrid solutions to follow.

Axa appointed former F&C fund of funds head Richard Philbin as the group’s chief investment officer last month and further appointments to the team are expected imminently.

A spokesman has confirmed that the firm is in discussions with Axa Framlington fund manager Caspar Rock over a role in the Architas team.

Questions have been raised over the future of Axa Framlington’s multi-manager franchise following the loss of a £400m mandate from Bradford & Bingley in March.

However, Axa says this move played no part in the decision to move the funds.

Chief executive officer Mike Kellard says: “The incorporation of the Axa Framlington multi-manager funds into the new platform is consistent with the focus and the priorities of both companies within Axa UK.”

Axa Framlington CEO Robert Kyprianou says: “The transfer to Architas is part of the evolution of the multi-manager offering within Axa. Axa Framlington will continue to broaden the distribution of its core range.”

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