The board is chaired by Standard Life chairman Gerry Grimstone. Grimstone is joined by five other members namely; 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, and Seiichi Fukuyama, chairman of Standard Life Investments in Asia.
“The establishment of the Asia Advisory Board underlines the importance of the region in developing Standard Life’s global reach,” Grimstone said.
The board will support Standard Life’s businesses in the region – Standard Life Investments and Asia and emerging markets as well as its joint ventures HDFC Life and HDFC Asset Management in India and Heng An Standard Life in China.
Standard Life has been expanding its operations in Asia over the last two years. In October last year, the company opened a Singapore office and it recently expanded its existing Hong Kong operation as part of plans to make that office its Asia Pacific hub. It also established its first Middle East office shortly after opening in Singapore.
The Standard Life Group, including its joint ventures in India and China, manages £7.2bn worth of assets across the region as of Sep-end.