AXA will develop a wrap platform as part of a major restructuring of the business following its acquisition of Winterthur.
The French life insurer unveiled the wrap plans as it announced the establishment of several ‘market-focused’ business units, including separate divisions for wealth management, corporate business, advisory services, protection, business solutions and the platform operation. Winterthur will remain as a brand, which AXA Life chief executive Paul Evans described as becoming a ‘premium’ service and product provider for the high net worth(HNW) market. Mike Kellard, chief executive of Winterthur, will head up the wealth management business, taking on dual responsibility for Winterthur’s HNW b...
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