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Standard Life launches investment subsidiary and aims for £100bn

Standard Life is launching an investment subsidiary on November 16 with the aim of managing £100bn of funds by 2003.


Standard Life Investments which currently manages £60bn of funds is aiming to take 5 per cent of the retail funds market through an extensive marketing campaign which will include national and trade press advertising and a nationwide road show.


The subsidiary is launching five new international equity growth sub-funds which the company says will broaden its appeal to corporate and consumer audiences.


Standard Life Group managing director Scott Bell says: &#34Operating as a separate and distinctive company will allow SLI to focus totally on the investment business and the need to deliver good investment performance for the benefit of its customers.&#34


The new company is moving to Standard Life&#39s former headquarters in George Street Edinburgh in April.

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