Nick Elphick, head of Axa Wealth’s specialist Sipp and onshore bond division, is to step down after 28 years with the business, as part of a management reshuffle.
The firm has realigned its senior executive team, with David Thompson, former managing director for Axa’s platform Elevate, being appointed to the new role of managing director of business development and proposition.
Dave Cheeseman, formally finance director, will now run a new commercial operations division, looking after IT, operations and finance.
Axa Wealth is also appointing a new customer services director, Mike Shrimpton, as part of a wider rebranding towards appealing to new clients and deepening its relationships with existing customers.
Mike Kellard, chief executive officer at Axa Wealth, said: “We operate in a fast-moving world – customers’ needs change and technology brings new opportunities; we must continue to build a business that makes the ‘customer’ central to everything we do.
The wealth company is building a new retirement offering developed in response to the Budget pensions changes. A new on- and off- platform Sipp will headline the plans, according to the firm, which will be available from April 2015.
Mr Kellard added that: “At last, a government is treating us all like adults, and giving us all real flexibility in how we choose to save for retirement and receive retirement income.
