On , the Financial Conduct Authority issued a warning regarding AXA IM Asia / AXA Hong Kong / AXA Investment Managers Hong Kong / Acervo Group (clone of FCA authorised firm)

In its notification, the FCA said "Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’. ".

The FCA went on to note that

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

AXA IM Asia / AXA Hong Kong / AXA Investment Managers Hong Kong / Acervo Group (clone of FCA authorised firm)

Tel: 0333 344 0010, 0333 344 3605, 08458620167, 08458620168, 0800 802 1747, 01438243682, 08002461860, 0845 862 0459, 02037453592, 02038573610

Website: www.axaim-asia.com, www.acervo.com

Email: wealthmanagement@axaim-asia.com; wealthmanagement@axaim-asia.com; wealthmanagement@axaim-asia.com; wealthmanagement@axaim-asia.com; wealthmanagement@axaim-asia.com

Address: 154-160 Fleet Street, London, EC4A 2DQ

Be aware that the scammers may give out other false details, mix these with some correct details of the registered or use the name of FCA employees to make them seem genuine. Find out more about fake FCA emails, letters and phone calls.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm name: AXA Investment Managers UK Ltd

Firm Registration Number: 119368

Address: 7 Newgate Street, London, EC1A 7NX

Website: www.axa-im.com

The above clone is also contacting consumers purporting to be from AXA General Insurance Hong Kong Ltd, which is part of the AXA Group.


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