Axa Asia has appointed a regional chief risk officer, while Chinese wealth manager Noah has made changes to its senior executive team. A fund manager is to depart Schroders, with Legg Mason bolstering its international product team in Australia.
Life company consolidator Phoenix Group plans to close its Cayman Islands holding company and set up a new operation in the UK.
Insurance giant Allianz and France’s Axa are locked in a bidding war to acquire the distribution rights to sell insurance products through Standard Chartered channels in Asia.
Axa and Allianz have seen a boost in profits out of their operations based in Saudi Arabia, according to data published by the Kingdom’s market intelligence firm Argaam.
The UK Treasury is on the hunt for a director general to help navigate the post-Brexit landscape, Axa Investment Managers has added to its UK equities desk, while Brooks Macdonald has strengthened its Channel Islands team.
Asset manager Architas reported a 52% increase in total assets in the first half of 2016, while parent company Axa Group recorded stable revenue and underlying earnings, with net income up 4% against the same period last year.
The Central Bank of Ireland has fined Axa Insurance €675,000 (£567,263, $747,860) for failing to ensure that staff members advising on retail products were appropriately supervised.
French insurer Axa has entered into a worldwide strategic partnership to distribute its insurance products and services through the global ecommerce ecosystem of China’s Alibaba.
Chief executive of Axa Life Insurance Singapore, Glenn Williams, has stepped down after 15 years with the Axa group following a restructure of the business.
The high court of justice of the Isle of Man has granted a wind-up application for three unregulated funds, known collectively as the New Earth Group of Funds.
On her second day as UK prime minister, Theresa May has cleaned house and named her new cabinet. Zurich International Life has appointed a new chief operations officer, while Deutsche Bank has provisionally appointed a chief executive for Asia Pacific.
Axa Investment Managers has launched the Axa World Funds Global SmartBeta Equity ESG fund designed to provide a transparent, low cost way to invest responsibly whilst generating long-term returns and reducing risk.
