Edinburgh-based asset manager Standard Life Investments (SLI) has opened or will open offices in New York, Los Angeles, Toronto, Munich, Tokyo, Zurich, Stockholm, Brussels, Milan and Madrid in a bid to expand its global footprint.
The firm will open of an office in Tokyo and LA on 1 January 2015 and Toronto office in June 2015. The new offices will primarily offer closer support to clients.
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SLI is also planning to expand its London office by occupying an extra floor of the Gherkin, as well as its American and Hong Kong hubs.
The company’s Paris and Frankfurt teams will relocate to bigger premises, while its Sydney-based team is in the process of doubling in size.
Additionally, SLI has signed a lease to acquire the entire office space within the new £75m St Andrew Square development in Edinburgh from 2017.
The fund manager operates in 17 countries worldwide, with its main investment and operations offices based in Edinburgh, London, Boston and Hong Kong.
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By GlobalDataThe firm, which currently manages over £240bn of assets, said it has boosted its operational and client servicing presence, with further investment planned to support continued growth.
Keith Skeoch, CEO of SLI, 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," he added.
