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Ignis officially launches

Ignis Asset Management launches today formed by the merger of fund houses Resolution and Axial Investment management.

The new firm will manage approximately £70 bn of assets on behalf of UK and overseas investors combining the expertise of multi-boutique investment company RAM and asset liability and alternatives specialist Axial.

Resolution Asset Management rebrands today under the Ignis umbrella and will continue to provide investment management propositions for retail, institutional, international and life company clients, through eight autonomous proprietary teams and its four joint ventures.

Axial, which will initially operate under its own brand, will continue to focus on in class asset liability matching capabilities. It will seek to develop products for the intermediary market to distribute through the UK retail, UK institutional and international channels by a single Ignis Asset Management sales and marketing function. The business’ four joint venture boutiques – Argonaut, Cartesian, Hexam and Maia all retain their separate identities alongside the Ignis Asset Management brand.

Ignis plans to build on its existing distribution network and leverage new opportunities in Europe, the Far East and North America.

Ignis Asset Management chief executive Gavin Stewart says: “The launch of Ignis Asset Management represents the start of a new and exciting future for the business as we look to build on our proven skills to create a leading provider of investment management services both here in the UK and abroad. As an independently capitalised multi-strategy fund management business with more than £70bn of assets under management, Ignis is a new and powerful proposition for institutions, intermediaries and private investors alike.”

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