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Axa Wealth announces executive management team

Axa Wealth has announced its executive management team following the sale of Axa UK’s life business to Resolution.

Resolution agreed the £2.75bn deal under its previous acquisition Friends Provident in June and the acquisition went through earlier this month.

Axa Wealth has now been restructured as a separately-regulated operating company and comprises Axa Winterthur’s pension investment business, the Axa Elevate wrap, Architas Multi Manager, bancassurance and wealth international businesses, and Axa’s Corporate Trustee Investment Plan.

Axa is now focusing its efforts in the UK on its wealth management business and has announced a new executive management team to support this strategy.

David Thompson, formerly managing director of wealth, investments and distribution, has been appointed managing director of a new division called Axa Wealth UK distributors.

Reporting to Thompson will be Simon Philp, managing director for bancassurance and Ian Colquhoun, director of commercial ventures.

Martin Jennings has been appointed managing director of Elevate, Axa’s wrap, and will be responsible for platform proposition strategy, proposition design and business services.

Cheryl Toner will expand her current role as group chief marketing officer with overall responsibility for Axa Wealth’s new proposition.

Nick Elphick will continue in his role as chief operating officer with responsibility for off-platform and international operations. His role will also expand to include investments and on-platform operations as well as looking after IT across the Axa Wealth business.

Tom Wilkinson, as director of strategy and business development, will lead the formulation and planning of the company’s strategy, with a strong focus on platforms.

Hans Georgeson has been appointed managing director for Architas Multi-Manager, while funds director Jim Hardie takes overall responsibility for funds governance.

Finally Dave Cheeseman has been appointed chief finance and risk officer, Andy Purvis has become director of business risk, and Paul Riddell will head up the Axa Wealth PR and internal communication departments.

Axa Wealth CEO Mike Kellard (pictured) says: “Axa Wealth, as a new standalone and separately regulated operating company, aims to be a modern 21st century financial services organisation.

“The right people and the right structure are two of the key foundations to help us achieve that aim. These appointments build on our existing strengths and move AXA Wealth forward into the next generation of wealth management providers.”

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  1. This looks like a fabulously expensive top team, with ego pleasing titles and a lot of corporate chest beating.

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