Standard Life Investments has completed its acquisition of Ignis Asset Management from a subsidiary of Phoenix Group for GBP390m.
This follows Financial Conduct Authority consent to the proposed change in control.
Standard Life Investments’ intention to acquire Ignis Asset Management was announced on 26 March 2014.
Keith Skeoch, chief executive, Standard Life Investments, says: “The acquisition of Ignis is another step in Standard Life Investments’ growth story, reinforcing our strong foundations, broadening our third party client base and increasing the range of investment solutions we offer.
“We look forward to working with our new colleagues and welcoming new clients to Standard Life Investments. Our priority remains the continued delivery of strong investment performance and the highest level of client service.”
