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 managers will also be transferred to the new office from its Asian investment team in Edinburgh, with seven more to be hired locally. Smith expects the office will have a staff of 18 by the...
