Equity & Law/Sun Life Merger Seeks Common IT
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The London-based investment management arms of AXA Equity & Law and Sun Life & Provincial are to be merged into one City location, and work is already underway to implement a common systems and operations platform for the combined operation. The merger--a result of French insurance group Axa's decision to merge its UK life assurance businesses--will create an investment management group with more than £30 billion in assets under management.
Chris Cheetham, managing director, Axa Equity & Law
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