Standard Life has established an Asia advisory board to provide guidance and advice on its strategy to grow across the region.
The new advisory board will support the company’s business in Asia, including Standard Life Investments, and Asia and emerging markets, as well as the group’s joint ventures HDFC Life and HDFC Asset Management in India, and Heng An Standard Life in China.
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As part of the move, the company has named Gerry Grimstone as chairman of the new board.
Grimstone will work alongside David Nish, CEO of Standard Life, Keith Skeoch, CEO of Standard Life Investments, Sandy Begbie, group operations officer of Standard Life, Colin Clark, director of global client group for Standard Life Investments, and Seiichi Fukuyama, chairman of Standard Life Investments in Asia.
Commenting on the expansion, Grimstone said: "The establishment of the Asia Advisory Board underlines the importance of the region in developing Standard Life’s global reach. I’m delighted with the appointments we have made to the Board, all of whom have extensive experience and knowledge of the region."
Standard Life has been expanding its operations in Asia over the last two years with the opening of a Singapore office in 2012, a Dubai office in 2013 and most recently the increased scale of operation of Standard Life Investments in Hong Kong.
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By GlobalDataThe Standard Life Group, including its joint ventures in India and China, manages £7.2 billion worth of assets across the region.
