Axial Investment Management has rebranded under the Ignis Asset Management banner, completing the merger of the two businesses.
Ignis Asset Management is looking to broaden its range of fixed-return products for third-party investors with a multi-asset, absolute return vehicle. It is also considering widening its use of derivatives across the investment division as well as tapping into the asset allocation and investment techniques developed by Axial.
Pearl set up Axial in 2007 as an integrated risk, liability and asset manager for the insurance market. It manages £22bn of assets.
Ignis Asset Management was created in November 2008 after Resolution Asset Management was acquired by Pearl Group. Axial initially kept its own branding following the deal.
The combined business currently represents over £71bn of assets.