New Standard Life Investments banking partnership 'exciting'

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New Standard Life Investments banking partnership 'exciting'

A senior staff member at Standard Life Investments banking has hailed a partnership with Chuo Mitsui Asset Trust and Banking as an exciting proposition.

Keith Skeoch, chief executive at Standard Life, suggested the move stands to benefit both existing and future clients, since it could open up new sources of revenue for the group in reciprocal asset management services.

He said: "The arrangements play to the companies' respective fund management strengths, allowing clients to benefit from Standard Life Investments and Chuo Mitsui's strong performance track records in these specialist fund areas."

In his view, this alliance will prove to be important for the international strategy of Standard Life Investments banking and he is delighted Chuo Mitsui has chosen to sign the agreement.

The firm highlighted how the Eastern institution is one of the largest trust banks in Japan.

Earlier this month, Standard Life Investments banking revealed that Dutch pension fund and asset manager PGGM had invested about €75 million in one of its products.

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