New Director for Sweden
25 August 2014
Standard Life Investments, the global asset manager, today announced two new appointments to its European Business team, and the opening of a new office in Stockholm.
Christopher Andersson has been appointed as Investment Director for sales in Sweden and will be based in Stockholm reporting to Co- head of European Business and Head of Nordics, Asa Norrie (based in Edinburgh). Along with Alan Simpson business development manager for Scandinavia, Standard Life Investments now has a team of three dedicated to its Nordic business.
Christopher (36), who has worked in the Nordic investment markets since 2000, has considerable knowledge and experience of financial institutions. He was previously Sales Manager at Lannebo Fonder, a boutique asset management firm with a focus on Swedish equities. Before that, he worked in the distribution and client relationship teams at Intervalor in Stockholm.
As part of general expansion of the European business team, Standard Life Investments has also appointed Selcuk Acar (37), as Business Development Manager for institutional sales in Germany and Austria. Selcuk will be based in Frankfurt and will work with the existing Germany team of three – Frank Richter, Dirk Tiemann and Cayley Brown. Previously he worked for 8 years at AXA Investment Managers as Senior Relationship Manager.
Both Christopher and Selcuk will ensure that clients have the right investment solutions for their needs, whilst developing and expanding new opportunities across both countries. The Standard Life Investments European business team now has a total of 18 people.
Standard Life Investments has been active in the Swedish market for over 10 years, building a successful franchise advising a number of large pension funds and providing asset management solutions through fund of fund platforms and private banks. A strong fixed income product range together with an innovative absolute return solution and multi asset capabilities, has proved to be an optimal suite of strategies for the Swedish market place.
Asa Norrie, Co-Head of European Business for Standard Life Investments, said:
"It's great to welcome Christopher on board, to drive our Swedish business activity. His appointment and the opening of an office in Stockholm signifies the commitment we have to our clients in Sweden, and our ambitious expansion plans across the Nordics. In recent years we have seen investor demand escalate in Sweden for innovative absolute return solutions – and we have enjoyed a successful partnership with Lansforsakringar distributing our award-winning Global Absolute Return Strategies. We intend to build on this solid base and develop opportunities for growth.
"Christopher and Selcuk both bring a range of experience and skills which will help to propel Standard life Investments further into Europe, as part of our commitment to expand our global franchise."
Standard Life Investments SICAV funds have public distribution status in 16 European countries (Denmark, Finland, Sweden, Germany, Netherlands, Belgium, France, Italy, Ireland, Luxembourg, Norway, Austria, Portugal, the UK, Switzerland and Spain), with an AUM across Europe of €13.1bn, approx. 10% of the total third party AUM of €134.9bn (30 June 2014).