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Axa Wealth appoints head of business development

Axa Wealth has appointed David Stratton as head of business development.

Stratton was appointed to the newly-created role on April 1 and will join the Axa Wealth management team. He was previously regional sales manager for the midlands.

Axa says Stratton’s role will be to lead the new business development function which is looking to build distribution relationship partners.

The appointment comes as part of the announcement in January of a restructure of the business which saw Axa segment its IFA clients and put 50 jobs at risk with the number of regional managers cut from nine to five.

Axa Wealth marketing and distribution managing director David Thompson says: “While Axa Wealth has experienced unprecedented growth, it has resulted in us being unable, at times, to devote the specialist support that we fell we need to give to different adviser segments.”

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