Standard Life Investment to enter MPF market in three years

The UK manager will focus on winning institutional mandates in Hong Kong''s pensions market instead of becoming a full service provider with a costly distribution network.

Standard Life Investment (SLI), the fund management arm of UK group Standard Life Assurance, is opening a regional head office in Hong Kong early next year with the hope of raising one billion pounds ($1.44 billion) in Asia within five years.

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