Architas, the multi-manager arm for Axa Wealth, has seen assets surge to €30bn (£22bn) as it becomes the European multi-manager investment centre for Axa Group.
Axa Group is to bring together assets previously run by private management businesses in Belgium and France, as well as the Axa Investment Managers multi-manager business acquired by Architas in July, under one ‘Hub’, managed by Architas.
Hans Georgeson, chief executive officer of Architas, will manage the “Hub”, which will have almost €30bn in AUM.
Architas had £14bn in assets under management as of Axa Group’s half-year results.
Mike Kellard, chief executive officer at Axa Wealth, said: “Architas funds are central to our proposition here in the UK, and leveraging the Architas multi-manager platform across Europe will bring real scale to its activities whilst supporting one of the group’s key strategic priorities.”
The news comes shortly after it was revealed that certain of Axa’s UK businesses have been put up for sale by the company.
The process is not believed to apply to the group’s fund management arm Axa IM, according to Investment Adviser’s sister publication Financial Adviser.