Invesco has announced two new mandates awarded by Standard Life.
The appointments comprise a global equity mandate of £2bn, which will be managed by Invesco’s active fundamental equity team, in addition to a further £500mn US equity mandate managed by Invesco’s quantitative strategies team.
Standard Life has previously partnered with Invesco on stewardship of £6bn UK equities, with the new mandates deepening this ongoing relationship.
Joe Steidl, Invesco’s head of UK insurance distribution, 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.”
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Thomas Davies, Standard Life’s head of policyholder investment office, added:“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.”
