Standard Life Investments Expands Global Footprint
19 December 2014
Standard Life Investments, the global investment manager of Standard Life plc, has continued to expand significantly during 2014, which includes the acquisition in July of Ignis Asset Management. The business now manages over £240bn of assets and has increased its operational and client servicing footprint, with further investment planned to support continued growth.
ndard Life Investments now operates out of 17 countries worldwide – Canada, Australia, the US, Hong Kong, China, Germany, Sweden, Switzerland, Ireland, Italy, Spain, Korea, France, the Netherlands, Belgium, Japan and the UK. The main investment and operations hubs are in Edinburgh, Hong Kong, London and Boston.
Due to this global expansion ten new international offices have opened or will shortly open in New York, Los Angeles, Toronto, Munich, Tokyo, Zurich, Stockholm, Brussels, Milan and Madrid*. These offices will principally provide closer support to clients.
The business is also expanding its London office plus US and Hong Kong hubs - taking the entire floor of 1 Beacon Street in Boston, and an additional floor in The Gherkin, St Mary Axe. The Paris team has moved to new bigger offices, the Sydney office is in the process of doubling in size, and the Frankfurt team will move to new larger premises in Spring 2015.
Standard Life Investments has also signed a lease to occupy the entire office space available within the new £75m development underway at St Andrew Square in Edinburgh, from 2017. The premises will provide space for over 1000 people in addition to Standard Life Investments’ existing headquarters building at 1 George Street.
Keith Skeoch, CEO, Standard Life Investments said:
“Standard Life Investments has seen considerable global expansion in 2014, both in 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 worldwide.
“The new premises in Edinburgh are just across the road from our existing HQ and will provide our people with the right high quality office environment to foster continued success as we expand our global asset management capability.”