Standard Life Investment to enter MPF market in three years

The UK manager will focus on winning institutional mandates in Hong Kong''s pensions market instead of becoming a full service provider with a costly distribution network.

Standard Life Investment SLI, the fund management arm of UK group Standard Life Assurance, is opening a regional head office in Hong Kong early next year with the hope of raising one billion pounds $1.44 billion in Asia within five years.

A significant portion of the company's 1.5 billion pound Asian investment portfolio, currently managed out of Edinburgh, will be moved to Hong Kong, according to Kevin Smith, the company's chief executive officer in Asia. Three...

To continue reading, please login or register for free

Click for more on: standard | life | investment | enter | mpf | market | three | years

Print Edition

FinanceAsia Print Edition