Axa Wealth Int’l on acquisition trail as rebrand beckons

The Isle of Man’s soon to be re-branded Axa Wealth International is already looking to make acquisitions and grow.

Axa Wealth Int’l on acquisition trail as rebrand beckons

|

Managing director Mike Foy said the company will launch later this month, bringing “a new brand to the market and a new way of doing things”.

“We’re buying open and closed books, so we’ve got a dual strategy. We’ve got a couple of deals already in train.

“We’ve also got some targeted distribution arrangements around the globe as third-party administrators,” he said.

Foy said growth would be through both the acquisition route and organically, adding that the company was “starting from a very profitable base”.

The relaunch had been positively received, he added, and that it was opening doors that were previously closed to Axa Wealth International, being part of a large insurance group.

Foy made his remarks as a participant in the CEO roundtable at International Adviser’s Fund Links Forum in London.

Axa’s Isle of Man-based offshore investments business was acquired by Life Company Consolidation Group in April.

MORE ARTICLES ON