The UK-based, recently-launched combined wealth management business of AXA, has appointed a new executive management team that will support the strategy and focus on the new business.

The appointments reflect changes to the business, which was restructured as a separately-regulated operating company following the completion of AXA UK’s deal to sell part of its life and legacy business to Resolution, the firm said in a statement.

David Thompson was appointed managing director for a new combined distribution function known as AXA Wealth UK Distributors.

Simon Philp, managing director for Bancassurance, and Ian Colquhoun will continue in their current roles and report directly to Thompson. Philp will work on strengthening the partnership across AXA Wealth’s distribution community, while Colquhoun will assume responsibility for building AXA Wealth’s new corporate investment business and corporate joint ventures.

At Elevate, AXA Wealth’s wrap platform, Martin Jennings was appointed managing director, where he will be responsible for platform proposition strategy, proposition design and business services.

Cheryl Toner, chief marketing officer at AXA UK Group, will expand her role by assuming overall responsibility for AXA Wealth’s new market proposition.

Marc Davies, executive director at AXA Distribution Services, will lead the expansion of the proposition into a new IFA-based, direct to consumer market opportunity. In this role he will report to Toner.

Nick Elphick will continue in his role as chief operating officer with responsibility for off-platform and international operations. He also will be overseeing the investments and on-platform operations in addition to the IT function across an entire portfolio of businesses at AXA Wealth.

Director of strategy and business development, Tom Wilkinson, will continue to lead shaping and planning of AXA Wealth’s strategy, with a focus on platforms.

Hans Georgeson was appointed managing director for Architas Multi-Manager with Jim Hardie taking overall responsibility for funds governance, bringing all fund activity under one management structure.

Finally, Dave Cheeseman was appointed chief finance and risk officer and is joined by Andy Purvis as director of business risk, while Paul Riddell will head up the AXA Wealth public relation and internal communication functions.

In other recent developments, earlier this month Axa Wealth International, which has offshore businesses on the Isle of Man, appointed Richard Leeson as its new sales and marketing director.