Peter Young appointed chairman of Standard Life Investments Australia & New Zealand

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Standard Life Investments, the global asset manager, today announced the appointment of Peter Young as its non-executive Chairman in Australia and New Zealand.

Keith Skeoch, CEO, Standard Life Investments said: “Standard Life Investments has been very successful in expanding our operations in various parts of the world, including establishing strong presences in Europe, Asia, the USA, Canada, India and Japan. As we continue to diversify geographically Standard Life Investments will be considering the most appropriate strategy to establish a broader presence in Australasia by offering clients access to a range of our award winning investment solutions.

“Globally, Standard Life Investments has a total of AUD$311bn (GBP£179.6bn) in funds under management, and already has a number of established relationships in Australia. We recognise the need Australia has for high quality investment skills, expertise and investment performance. Peter’s background in financial services will greatly assist us in developing a better understanding of our opportunities.”

Peter Young, Chairman, Australia and New Zealand, Standard Life Investments said: “Standard Life Investments has an enviable reputation as a global asset manager and has been active in Australia since 2007. My appointment is further evidence of Standard Life Investments’ commitment to the region and belief that we can become an increasingly significant participant in this competitive market.”

Peter’s appointment follows the recent hires of Matthew Newham, Investment Director, and Jill Shaw, Investment Director, to Standard Life Investments’ Sydney office.