Axa Wealth continues to streamline its offering to IFAs

Alongside the recent move by Axa Wealth to combine its onshore and offshore distribution platforms to offer one single access point to IFAs, the group has changed its international sales and management structure.

Kevin Dean has stepped down as CEO of Axa Wealth International following the decision to combine the roles of chief executive officer and chief operating officer roles on the Isle of Man into one new managing director role. Mike Foy has been appointed to this role.

In addition, the AXA Wealth International sales team led by Richard Leeson has now also been aligned with the main AXA Wealth Distribution team, under Managing Director, David Thompson.

Commenting on the changes, David Thompson, Managing Director, AXA Wealth UK Distributors, said: "Combining the main distribution businesses under a single structure completes the next stage of AXA Wealth's programme to enhance our IFA service and support model. Our approach is to work in partnership with IFAs, and our objective reflects our aim to be as easy as possible for IFAs to work with."

Earlier this year, AXA Wealth announced it was bringing its on and off platform distribution together, in order to simplify the distribution strategy, and provide IFAs with a more cohesive and comprehensive advisory support and sales service. This decision followed feedback from advisers that they would like fewer contact points with the business.

The AXA Wealth International distribution function is being aligned to the wider AXA Wealth structure to streamline the service and support offered to IFAs.