Standard Life continues growth
Global investment manager, Standard Life Investments announced this week that it was now managing over £240 billion inclusive of its July, 2014, acquisition of Ignis Asset Management.
The company announced said it was now operating out of 17 countries including Australia and that as a result of its global expansion 10 new international offices had been or were about to be opened in New York, Los Angeles, Toronto, Munich, Tokyo, Zurich, Stockholm, Brussels, Milana nd Madrid.
It said the business was also expanding its London office plus US and Hong Kong hubs.
Commenting on the expansionary strategy, Standard Life Investments chief executive, Keith Skeoch said there had been considerable growth in both assets under management and people.
"This organic growth along with the recent integration of Ignis Asset Management and Standard Life Wealth, plus the global collaboration agreement with Manulife, means we needed to prepare for the future and ensure we have the right strategy for our long-term estate portfolio worldwidem," he said.
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
