11 July 2007
July 5 2007: AXA and Winterthur Wealth Management has announced further senior management appointments for the newly-created business unit.
- Tom Wilkinson is appointed Head of Strategy having been Strategy Manager with AXA in Paris
- Kevin Dean remains as Managing Director of AXA Isle of Man
- Dave King becomes of Head of Strategic Implementation, having been responsible for Winterthur Strategic Implementation
- Dave Cheeseman will lead Finance across Wealth Management with Ian Haskins and Graham Batchelor taking on the Finance Business Partner roles for the AXA business and the Winterthur business respectively
- Jacqui Self becomes Head of HR at AXA and Winterthur Wealth Management.
These latest appointments follow the appointments of David Thompson and Nick Elphick Managing Director Winterthur, and Managing Director AXA Wealth Management, respectively, who report to AXA and Winterthur Wealth Management Chief Executive Mike Kellard.
Mike Kellard, CEO, AXA and Winterthur Wealth Management, comments, “I am delighted to have been able to appoint such a strong and experienced team and feel very confident that this new structure will help AXA and Winterthur Wealth Management meet its key objectives.”
The aim of the new wealth management business, which covers Winterthur and AXA's IFA and Isle of Man offshore businesses, is to create a highly focused yet diverse market-leading operation with two strong propositions for the dominant IFA market.
Unlike many traditional life companies, AXA and Winterthur Wealth Management understands that advisers and clients are not all the same and have differing requirements. The business therefore has been created to meet their differing needs through service, product excellence and an investment proposition tailored to meet the different market groups.
Kellard concludes, “I believe we are in the unique position of offering such a comprehensive proposition for advisors and their clients, which gives us both flexibility and scope to carve an enviable position in the changing financial services marketplace.
“It is clear the market will continue to be challenging, through increased competition, squeezing of costs, regulation and consumer apathy. However, the broad environmental factors, in terms of the number of people needing to invest for the future and expected to support themselves in retirement, are very encouraging which I believe will lead to an increase in demand for tailored products and investment solutions to meet individual customer needs.”
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For further information:
Paul Riddell Winterthur Life, Press Office +44 (0)1256 798099
Christine Wood FD +44 (0)20 7269 7253
Notes to Editors
About Winterthur Life UK Limited
Winterthur Life UK Limited is part of AXA Group, one of the largest financial institutions in the world.
Winterthur Life UK Limited is a provider of focused investment and retirement solutions and support services predominantly distributed through quality IFAs to their high net worth clients.
The company is recognised as having an innovative approach to financial products and its products feature simple, transparent charging with access to a wide range of carefully selected investment funds and fund managers via its Tailored Selection fund platform. Winterthur is also differentiated in the market through its focus on service excellence.
Winterthur Life UK Limited has a B+ financial strength rating from AKG, which denotes “very good financial strength”. At the end of 2006 Winterthur had assets under management exceeding £10 billion, and grew its new pensions business by 125% to £1.45 billion.
www.winterthur-life.co.uk
