The move brings together the Architas investment arm with private management businesses in France and Belgium, as well as the AXA Investment Managers multi-manager business, acquired by Architas in July.
According to media reports Axa has been exploring a sale of some of its UK businesses, including Axa Wealth.
The European multi-manager investment centre will have Hans Georgeson as CEO, and include 150 staff across its three main locations of London, Paris and Brussels.
The firm said that having reviewed the management of third party asset managers and the group’s European multi-management business, it decided to bring them together into one ‘hub’ under the management of Architas.
In total the hub will handle close to €30bn of multi-managed assets, as well as the sourcing and management of external fund managers.
“Architas funds are central to our proposition here in the UK, and leveraging the Architas multi-manager platform across Europe will bring real scale to its activities whilst supporting one of the Group’s key strategic priorities,” said Mike Kellard, chief executive officer.
“This move is a great endorsement for the expertise of the people in our business and presents a huge opportunity,” he added.
