23 January 2008
Following a review of the current business model, AXA & Winterthur Wealth Management has announced three new senior appointments, as part of a new operating structure, with immediate effect.
The new model reinforces the delivery of two distinct investment offerings via the AXA Wealth Management and Winterthur propositions to mass affluent and high net worth individuals respectively. The appointments have been made to further develop the two main propositions to meet differing customer needs, whilst enabling a consistently high level of customer service to be achieved across the business. With the simplified structure, it also aims to benefit advisers, customers, stakeholders and staff.
The three new roles are:
- David Thompson, former managing director of Winterthur, has been appointed as managing director, sales and marketing, AXA & Winterthur Wealth Management. He will be accountable for all sales and marketing activities across the two propositions sharing best practice wherever possible, but still maintaining two separate brands in the market
- Nick Elphick, previously managing director of AXA Wealth Management, has been given the newly created role of chief operating officer. He will be responsible for all customer servicing and IT within AXA & Winterthur Wealth Management, with his prime focus being to build a strong service proposition across all areas of the wealth management business
- Tom Wilkinson is appointed director of strategy and proposition to provide a strong working relationship between strategy and product/ proposition across the whole of AXA & Winterthur Wealth Management.
Other positions within the business unit are remaining as they were – Dave Cheeseman maintains his finance role, Ian Colquhoun was recently appointed as MD of the new investment company, Paul Riddell will continue in his position as head of PR, and the role of wealth protection director is due to be filled shortly.
Mike Kellard, CEO, AXA & Winterthur Wealth Management said: "These new appointments and operating structure will deliver huge benefits for the wealth management business and to AXA Life and AXA UK. A more streamlined and robust structure will help us improve customer service, bring new products to market more quickly and help us respond more effectively to opportunities in the industry.
"Critically, both AXA Wealth Management and Winterthur will continue to be run as two separate propositions, as a reflection of the desire of advisers to work with specialist businesses within the AXA group."
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For further information:
Paul Riddell Winterthur Life, Press Office +44 (0)1256 798099
Becky Holmes Winterthur Life, Press Office +44 (0)1256 798310
Christine Wood FD +44 (0)20 7269 7253
Notes to Editors
Winterthur Life UK Ltd
An AXA UK company, Winterthur Life UK Limited is a specialist producer of wealth management solutions to the high net worth marketplace.
Winterthur Life UK Limited provides focused investment and retirement solutions and support services predominantly distributed through quality IFAs as part of AXA Life’s AXA & Winterthur Wealth Management business proposition.
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, which was reflected in the company winning Company of the Year and two Five Star service awards at the Financial Adviser Service Awards 2007.
www.winterthur-life.co.uk
AXA & Winterthur Wealth Management
AXA is a worldwide insurance group. In the UK the two AXA companies offering the Wealth Management proposition are, Winterthur Life UK Limited (registered no.3116645) and AXA Sun Life Services PLC (registered no.3424940).
Winterthur Life UK Limited and AXA Sun Life Services PLC are authorised and regulated by the Financial Services Authority. Both companies are registered in England and have their registered office at 5 Old Broad Street, London, EC2N 1AD.
AXA
AXA UK is a part of the AXA Group. AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. For full year 2006, IFRS revenues amounted to €79 billion and IFRS underlying earnings amounted to €4,010 million.
The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA.
Our previous company performance is not a guide to how we may perform in the future.
Any opinions expressed in this media communication are made as at the date of this publication but are subject to change without notice.
