Axcelus Financial hits $14bn in assets under management

Bermuda-based Axcelus Financial has announced that it has achieved record assets undr administration of $14 billion since its takeover by Broadview Asset managment and rebranding from Lombard International. 

The Bermuda-based long term re/insurer was reported to have more than $13 billion in AUM as of December 31, 2023, but more exact comparative figures were not provided. 

Michael Farrell, chief executive officer, stated: “Strong investor interest in alternative assets, driven by the current macro environment, has played a significant role in Axcelus’ asset growth this year. We are continuing to focus on developing innovative, customised solutions to help high-net-worth and institutional clients grow and preserve their assets.”

John Fischer, head of distribution, said: “We are pleased to see our solutions gaining increasing levels of traction with an expanded group of distribution partners as we continue to adapt our offerings to address clients’ evolving wealth planning and investment objectives. 

"We are especially excited to further scale our programs with larger wirehouses and banks to meet this demand.”

Axcelus said it appointed a new Chief Information Officer & Head of Client Experience, Satish Bhat, formerly technology and architecture lead for HSBC's Global Wealth and Private Bank group, last December.

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