Standard Life Bank

Standard Life plc is a long-term savings and investment business, with headquarters in Edinburgh and operations around the globe. It has 1.2 million shareholders in more than 50 countries and 4.5 million customers worldwide, with a further 20 million customers through joint ventures in China and India.HistoryThe Standard Life Assurance Company was established in 1825 and was reincorporated as a mutual assurance company in 1925.During the 19th century it opened offices in Canada, India, Shanghai and Uruguay.In 2006 demutualisation took place and the company was floated on the London Stock Exchange.The company sold Standard Life Bank plc to Barclays plc in January 2010 and then acquired the remaining 75 per cent stake in Threesixty, a financial advisory support business, that it did not already own for an undisclosed sum in March 2010.It sold its healthcare division to Discovery Holdings, a South African business, in May 2010 and went on to buy Focus Solutions Group, a financial software company, for £42m in December 2010.In February 2013, the company announced that it had acquired the private client division of Newton Management Limited, a UK wealth management unit of BNY Mellon, in a deal worth up to £83.5 million.In March 2014, it was announced that Standard Life was in advanced talks to purchase rival Phoenix Group Holdings’ Ignis Asset Management for around £400 million. Towards the end of the month, Standard Life completed the acquisition for a fee of £390 million.

Address and contacts of Standard Life Bank

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Standard Life Bank

Edinburgh
United Kingdom
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Standard Life Bank is Edinburgh based place and this enity listed in Organization category.

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