As its purchase of Resolution plc nears completion, Pearl Group has revealed plans to combine its own asset management arm, Axial, with Resolution Asset Management.
Axial concentrates mainly on asset-liability matching strategies for the life funds run by the Pearl group, while RAM, as well as managing the closed life funds acquired by its parent Resolution, has a range of retail investment funds run both in-house and through its collection of joint-venture boutiques, which include Argonaut and Maia. Pearl’s review of the two businesses has concluded that they are complementary, with no overlap in the services they provide. It now plans to combine Axial and RAM into a separately capitalised asset management business in which employees will have long-t...
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