Luxembourg’s IWI enlists Axa man to head UK drive
Luxembourg-based International Wealth Insurer (IWI) has engaged the former head of development at Axa Wealth International, Mike Foxall, to spearhead its entry to the UK market.
Luxembourg-based International Wealth Insurer (IWI) has engaged the former head of development at Axa Wealth International, Mike Foxall, to spearhead its entry to the UK market.
Divergent monetary policies between the US and emerging markets mean further EM stock market weakness, according to Axa Investment Managers.
Axa Wealth has added 11 AllianceBernstein funds to its wrap platform following this year’s pension reforms, their first offering to the UK retail investment market.
The firm has appointed Kelly Ng as a director as it looks to expand its coverage of private banking and wealth managers in Asia.
Axa Investment Managers expects to lose more than two thirds of the €50bn it manages for Friends Life to Aviva Investors following the latter’s acquisition of Friends Life earlier this year.
Axa Wealth International saw its funds under management grow by 3% to reach £9.1bn over the first half of 2015, despite a changing distribution landscape creating “unsettled” conditions.
Axa Investment Managers is launching the AXA World Funds Euro Credit Total Return fund, the latest addition to its €8.6bn euro credit range.
Axa UK’s group pension scheme has closed a deal with the Reinsurance Group of America (RGA) to cover the longevity risk in its defined benefit pension plan.
In a bid to capitalise on the significant deepening of the real estate debt market that followed the disintermediation of banks in the wake of the financial crisis, Axa Investment Management has launched a global flexible property fund.
Axa Wealth International has seen funds under management grow by nearly £0.5bn throughout the first quarter of 2015, as the wider Axa Wealth group records across-the-board growth.
New business sales of UK-distributed offshore bonds fell by 10.7% last year but were contracting at a slower pace than in recent years, while the onshore version saw sales pick up in 2014 for the first time since the financial crisis.
Architas, an investment house within the Axa Group, has launched a global multi-asset fund to meet a growing demand for income among investors in the run up to Aprils pension reforms.