Standard Life could be expanding in China

Fri, 18 Jan 2008

According to a Reuters news report, the British insurance company Standard Life could look to expand their operations in China, as well as eyeing up key Asian markets such as South Korea and Japan .

One of the senior executives in the group is looking to increase life insurance joint ventures throughout China and India, and expand on the global assets of Standard Life. The company, which is reported to be worth $9.7 billion, currently retain 60-70% of their business in the UK.

Marcia Campbell, the group operations director, reportedly commented to Reuters News: "Our ambition is to be much more global, so we are just trying to extend our reach now from the UK into lots of different areas. Clearly China and India are the two big markets, so having strong positions in each of those markets is very important."
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