AXA considering sale of Architas - reports

£6bn AUM

Jenna Brown
clock • 1 min read

AXA is considering putting its wealth management business Architas up for sale, according to Bloomberg.

The report said the French insurer was gauging interest in the sale of its UK-based multi-manager fund of fund business, which has about £6bn in assets under management and was set up in 2008. The potential sale would fit with AXA chief executive Thomas Buberl's plans to offload smaller non-core businesses and reduce less profitable operations across the global business, the report said. AXA has been streamlining its operations since it bought XL Group in 2018 for about $15bn, Bloomberg said. In February, it agreed to sell its Eastern European operation for about €1bn. It is also cons...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

DB transfer values drop to lowest month-end since 2018

DB transfer values drop to lowest month-end since 2018

XPS' Transfer Value Index saw ‘significant decline’ in final quarter of 2024

Holly Roach
clock 23 January 2025 • 2 min read
Providers yet to have 'cracked' retirement products

Providers yet to have 'cracked' retirement products

Retirement advice becoming more important with ageing demographic

Isabel Baxter
clock 23 January 2025 • 3 min read
Trial of ex-Titan Wealth employee delayed

Trial of ex-Titan Wealth employee delayed

Complainants to testify behind screens amid ongoing legal preparations

Sahar Nazir
clock 22 January 2025 • 1 min read