I need a Ethereum wallet that let me create and manage multiple Ethereum addresses and where I can store and manage ERC20 tokens on each of the created address. I searched lists of wallets but I couldn't find one that meet my requirements. Is there such a wallet?
You need to buy yourself a Trezor hardware wallet. And you will get exactly what you were looking for. This is the simplest solution to your problem. In Trezor wallet there are many eth addresses to which you have access.