Net third party inflows of £4.2bn have helped Standard Life Investments (SLI) to what it has called a “record breaking” six months.
The group said the first half of 2014 not only saw the large asset flow but that it now had hit a record £108bn of third party assets under management if the £59bn of Ignis assets it recently acquired is included.
It also announced total assets of £195.1bn and a record operating profit before tax of £104m.
Keith Skeoch has been SLI chief executive for just more than 10 years, said it had been a “defining decade” for the company, which has seen it move from the 39th largest asset manager in 2004 to the fifth largest in 2014.
“Our success and rapid growth as an active fund manager in a decade that saw a general increase in the use of passive strategies is testimony to our ‘Focus on Change’ investment philosophy,” Mr Skeoch said.
“There is also growing global recognition of the benefits clients can gain by working with a manager who is seen to add value by taking a long term approach to investing.”
He added the purchase of Ignis would help the company “deepen” its investment capabilities.
