Standard Life Investments saw third-party inflows from overseas clients increase from 3% to 57% over the past decade, which its chief executive
Keith Skeoch describes as a “defining” one.
The asset management arm of Edinburgh-based insurer Standard Life reports that third-party assets under management increased over six-fold from £15.9 billion (€19.9 billion) to £108 billion over the ten years.
Skeoch says despite some of the most volatile and challenging markets experienced in recent years, the last decade defined the asset manager.
“As a firm believer in the benefits of long term active investing, what pleases me most are the strong relationships we have established with institutional and retail clients around the world over the past ten years,” Skeoch adds.
Its latest half-year results show that Standard Life Investments attracted £4.2 billion (€5.3 billion) of third-party net flows in the first half of this year, a drop from £7.4 billion in the first half of last year.
Assets under management of rose by 5% to £108 billion while earnings before interest, tax, depreciation and amortization rose by 10% to £107 million.
Total assets under management, which includes captive channels, increased from £189.1 billion to £195.1 billion over the same time.
“The addition of Standard Life Wealth and Ignis Asset Management present a great opportunity for us going forward,” Skeoch adds. “They will help deepen our investment capabilities, broaden our third-party client base and strengthen our strategic position.”
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