Asia Advisory Board

RNS Number : 8962V

Standard Life plc

18 December 2013

 



Standard Life establishes Asia Advisory Board

Standard Life has established an Asia Advisory Board to provide guidance and advice on its strategy to grow across the region.

Chaired by Standard Life Chairman Gerry Grimstone, the work of the Board will support Standard Life's businesses in the region - Standard Life Investments and Asia and Emerging Markets - as well as inputting to our joint ventures HDFC Life and HDFC Asset Management in India and Heng An Standard Life in China.

Standard Life's presence in the region continues to grow 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.

The Standard Life group - including its share of joint venture assets - manages £7.2 billion of assets across the region.

Gerry Grimstone commented:

"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."

Notes to editors:

Standard Life Chairman Gerry Grimstone will chair the Asia Advisory Board and will be joined by:

·      David Nish, Chief Executive, Standard Life

·      Keith Skeoch, Chief Executive, Standard Life Investments

·      Sandy Begbie, Group Operations Officer, Standard Life

·      Colin Clark, Director of Global Client Group, Standard Life Investments

·      Seiichi Fukuyama, Chairman of Standard Life Investments in Asia.

External Members are:

·      Gaby Abdelnour, based in Hong Kong and currently an advisor to Bain Capital Asia LLC, and former Chairman and Chief Executive Asia and Pacific, J.P. Morgan;

·      Amanda Lu, based between Beijing and Hong Kong and is a Board Director of China National Building Material Corporation, and a former Managing Director and Vice Chairman Greater China, Deutsche Bank AG;

·      Deepakh Parekh, Chairman of Housing Development Finance Corporation Limited (HDFC Limited) and is based in Mumbai. He is Chairman of HDFC Life and HDFC Asset Management, and a Non-Executive Director of DP World Limited and Vedanta Resources plc;

·      Peter Young, based in Sydney and Chairman of Barclays Australia and New Zealand, and former Chairman of Investment Banking, ABN AMRO Group (Australia and New Zealand).

Our Asia and Emerging Markets business includes offices in Hong Kong, Singapore and Dubai.

Figures quoted are as at 30 September 2013.

For further information please contact:

Steven Hartley   0131 245 1365 / 07702 934 651

 

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