SLI celebrates a decade of success
The 16th of November will be a special day for Standard Life Investments as the global fund manager celebrates the tenth anniversary of its first day of trading back in 1998.During this time SLI has seen:
Third Party Funds grow over eightfold from £5.3bn to £44.7bn
Total funds under management more than double from £60bn to £123.6bn
Assets grow strongly despite the fact that the FTSE is approximately 20% lower now than it was in November 1998. Equities under management have grown over 55% to £52.7bn, making it one of the UK's major investment houses
Fixed Interest assets increase to £43bn making it one of the five largest bond managers in the UK
Property assets rise to £12bn making it one of the largest property investors in Europe
Delivery of a strong money weighted-average long-term performance track record
Total private equity funds raised by SL Capital Partners exceed £4bn making it one of the largest PE fund of fund managers in Europe
Offices open in Edinburgh, London, Dublin, Boston, Montreal and Hong Kong, with representative offices in Frankfurt, Paris, Sydney, Seoul and Beijing
Commenting on the anniversary, Chief Executive Keith Skeoch said: "SLI was set up ten years ago to operate as a ‘separate and distinctive company' and tasked with mounting a serious challenge to the established investment management industry by attracting new third party business.
"It has been particularly pleasing therefore to see SLI grow its third party assets under management from over 8% of our total funds under management in 1998 to over 36% today and that we now have clients in 31 countries across the globe. Winning this business against best of breed in a competitive global market has been achieved on the back of strong long term performance, innovative products, award winning levels of customer service and the professionalism and skill of our people - attributes that a growing number of clients have come to recognise and respect.
"Over the last ten years it has been the strength of our ‘Focus on Change' philosophy and our people's excellent fund management skills which have allowed us to deliver strong long term performance, despite the fact that we have witnessed two of the deepest bear markets in the post war period.
"Everyone at SLI would like to thank all our clients and customers, many of whom have been with us for many years now, for their continued support and I Iook forward to sharing with them the next chapter in SLI's success story."