Standard Life Investments Asia, the asset management arm of Standard Life Assurance Company of the UK, last week received approvals from the China Securities Regulatory Commission CSRC to open a representative office in Beijing. The firm has appointed Richard Wang to be its chief representative in China and oversee the opening of the office.
Furthermore, the company has announced plans to open a represenative office in Korea. It has appointed James Cooper - formerly of State Street - to oversee this process, which it hopes to complete this year.
Both the China and the Korean offices will be devoted to business development for the group rather than pure asset managment. The company's $2.5 billion...
