Fund manager Liontrust has acquired Architas Multi-Manager and Architas Advisory Services in a deal worth up to £75m.

An ex-Architas and Barclays Wealth boss has been recruited by a residential property investment firm as its new chief executive.

Cardano, the investment and risk specialist, has recruited Cédric Bucher, former head of Architas UK funds, as the new co-head of its DC business.

AXA’s multi-manager investment arm Architas is planning further expansion after announcing net new money invested last year of £1.67bn and total assets up to £24.23bn worldwide in its annual results.