Standard Life completes Ignis acquisiton
Standard Life Investments Holdings, has completed its acquisition of Ignis Asset Management from a subsidiary of Phoenix Group Holdings for £390m ($667m).
Standard Life Investments’ intention to acquire Ignis Asset Management was announced on March 26 2014.
“The acquisition of Ignis is another step in Standard Life Investments’ growth story, reinforcing our strong foundations, broadening our third-party client base and increasing the range of investment solutions we offer,” said Keith Skeoch, CEO of Standard Life Investments.
Ignis’ brand identity will be retained initially but will likely be phased out in some areas of the business, although the brand may be retained in others.
The majority of Ignis’ employees will remain in post on July 1 and there will be no immediate changes to the products and services provided by Ignis.
“We look forward to working with our new colleagues and welcoming new clients to Standard Life Investments. Our priority remains the continued delivery of strong investment performance,” added Skeoch.
There is as yet no detail of changes in reporting lines.
Standard Life Investments’ intention to acquire Ignis Asset Management was announced on March 26 2014.
“The acquisition of Ignis is another step in Standard Life Investments’ growth story, reinforcing our strong foundations, broadening our third-party client base and increasing the range of investment solutions we offer,” said Keith Skeoch, CEO of Standard Life Investments.
Ignis’ brand identity will be retained initially but will likely be phased out in some areas of the business, although the brand may be retained in others.
The majority of Ignis’ employees will remain in post on July 1 and there will be no immediate changes to the products and services provided by Ignis.
“We look forward to working with our new colleagues and welcoming new clients to Standard Life Investments. Our priority remains the continued delivery of strong investment performance,” added Skeoch.
There is as yet no detail of changes in reporting lines.
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