Standard Life Investments, the Edinburgh-based global investment manager, has acquired Ignis Asset management for £390 million.
Standard Life’s intention to acquire Ignis was announced in March of this year, but was only approved by the Financial Conduct Authority today.
Keith Skeoch, chief executive of Standard Life, said: “The acquisition of Ignis is another step in Standard Life Investments’ growth story, reinforcing our strong foundations, broadening our third party client base and increasing the range of investment solutions we offer. We look forward to working with our new colleagues and welcoming new clients to Standard Life Investments. Our priority remains the continued delivery of strong investment performance and the highest level of client service.”
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