Axa Wealth Int’l on acquisition trail as rebrand beckons

Added 11th October 2016

The Isle of Man’s soon to be re-branded Axa Wealth International is already looking to make acquisitions and grow.

Axa Wealth Int’l on acquisition trail as rebrand beckons

Managing director Mike Foy said the company will launch later this month, bringing “a new brand to the market and a new way of doing things”.

“We’re buying open and closed books, so we’ve got a dual strategy. We’ve got a couple of deals already in train.

“We’ve also got some targeted distribution arrangements around the globe as third-party administrators,” he said.

Foy said growth would be through both the acquisition route and organically, adding that the company was “starting from a very profitable base”.

The relaunch had been positively received, he added, and that it was opening doors that were previously closed to Axa Wealth International, being part of a large insurance group.

Foy made his remarks as a participant in the CEO roundtable at International Adviser’s Fund Links Forum in London.

Axa’s Isle of Man-based offshore investments business was acquired by Life Company Consolidation Group in April.

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About Author

Kirsten Hastings

Senior Reporter

Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 


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