I am not totally sure if that is what you are asking since your notation is a little confusing; see that the result of the multiplication above is:
\begin{array}
%\begin{pmatrix}
1 & 1 \\
1 & 1
\end{pmatrix}
\begin{pmatrix}
a_{11}b_{11} & a_{12}b_{12} \\
a_{21}b_{21} & a_{22}b_{22}
\end{pmatrix}
= \begin{pmatrix}
a_{11}b_{11} + a_{21}b_{21} && a_{12}b_{12} + a_{22}b_{22} \\
a_{11}b_{11} + a_{21}b_{21} && a_{12}b_{12} + a_{22}b_{22}
\end{pmatrix}
\end{array}
If you want two matrices $2\times 2$, the first one with only $a_{ij}$ terms and the second with only $b_{ij}$ terms, then the first row and column respectively should be:
\begin{array}
%\begin{pmatrix}
a_{21} & a_{11} \\
... & ...
\end{pmatrix}
\begin{pmatrix}
b_{21} & ... \\
b_{11} & ...
\end{pmatrix} \text{or}
\begin{pmatrix}
a_{11} & a_{21} \\
... & ...
\end{pmatrix}
\begin{pmatrix}
b_{11} & ... \\
b_{21} & ...
\end{pmatrix}
\end{array}
Take the second case for example. Then the second row of $A$ must be, again
\begin{array}
%\begin{pmatrix}
a_{11} & a_{21} \\
a_{11} & a_{21}
\end{pmatrix}
\begin{pmatrix}
b_{11} & ... \\
b_{21} & ...
\end{pmatrix}
\end{array}
And that conflicts with the fact that you need the $a_{12}, a_{22}$ somehwere. Same would happen if you pick the first case.
In conclusion, they cannot be separated the way you suggest