FTAdviser.com

Advertising

The company will be a member of the Axa Group and he will be charged with overseeing the establishment of the new company’s investment proposition.

He joins from F&C Asset Management where he was head of multi-manager since 2001.

Details on the new company will be released in the coming months but it is expected that it will restructure the traditional multi-manager offering and provide solutions to third party providers and clients.

It is also likely to work closely with other business units to help develop and manage their open architecture propositions.

Mike Kellard, chief executive officer of the new investment company, said: "The new company will provide the pillar for future growth and multi-manager product development for both the intermediary market and Axa for years to come."

"Ultimately, Richard’s appointment reinforces our commitment to bringing to market a new cutting edge approach to delivering investment performance, and I’m delighted he is joining our growing team."