Invesco has been awarded two new active equity mandates worth a combined £2.5bn by Standard Life.
The first deal comprises a £2bn global equity mandate and the second a £500m US equity mandate.
The new mandates build on an existing relationship under which Invesco already manages more than £6bn in UK equities on behalf of Standard Life.
Joe Steidl, head of UK insurance distribution at Invesco, said: “Large institutional investors increasingly value strategic investment partners that can provide a broad range of complementary capabilities through a single relationship. The expansion of our partnership with Standard Life reflects that trend. By combining active and quantitative investment expertise with global scale and resources, we are well positioned to support its long-term objectives and help deliver better outcomes for millions of customers saving for retirement.”
Thomas Davies, head of policyholder investment office at Standard Life added: “Our priority is to deliver strong long-term outcomes for our customers and ensure their savings are invested in a way that supports their future financial security. These new mandates give our customers access to Invesco’s global investment expertise across both active fundamental and quantitative strategies, while building on a long-standing partnership that has delivered strong investment outcomes. Ultimately, this appointment is about bringing together high-quality investment capabilities that can help our customers build greater financial resilience and achieve better outcomes in retirement.”
