Today's announcement Richard Philbin is to step down as CIO of Axa Wealth's multi-manager arm Architas is a surprise to say the least and a potential concern for the group as he was a high profile figure in the IFA community.
After AXA UK offloaded its life proposition to Resolution-owned Friends Provident earlier this year, the group firmly moved the focus onto its Elevate and Architas propositions as the key props of its AXA Wealth business. Philbin was very much at the heart of these plans after helping build up Architas over the past two years with FUM now at £3bn. He was instrumental in the revamp of the group's model porfolios and guided architecture range under the Tailored Selection banner. These investment solutions are key to the AXA Wealth model and are available across the business including...
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