Pre-tax revenues in the asset management divisions of Axa, the French financial group, rose by almost a third last year to hit €4.4bn ($5.7bn), as its European and US arms together added more than €70bn in fresh assets.

Revenues at the fund management businesses of Axa, which was rocked earlier this week by two senior departures in a day, climbed 29% in the 12 months to December 31, higher than the €3.4bn registered a year before.