Standard Life Investments makes second hire in the Netherlands
Standard Life Investments, the global asset manager, has announced it has appointed Johan Langerak as a second investment director for the Netherlands, to be based in the country.
Langerak joins fellow director Pat Woods who has been responsible for Dutch business development at Standard Life Investments for over ten years, as part of a growing European business team of 16 people.
Langerak, who has worked in the Dutch investment market since 1990, has considerable knowledge and experience of financial institutions and a strong track record in business development and client relationships. He was previously head of Benelux institutional and wholesale business for Bank J. Safra Sarasin. Before that, he was head of one of the institutional management teams at ING Investment Management.
Standard Life Investments has been active in the Dutch market for more than ten years, working closely with Fiduciary managers there. The fixed income and equities product ranges, together with absolute return solutions, have proved to be an optimal suite of strategies for the Dutch market place, the firm siad.
Jennifer Richards, co-head of European Business for Standard Life Investments, said: “It’s great to welcome Johan on board, his expertise will help us to widen the opportunity set in the Netherlands, working alongside Pat who has been very successful in growing the business with a wide range of clients in Fixed Income, Real Estate, Private Equity and Absolute Returns.
“As part of the strategy to expand our European footprint we plan to continue strengthening the team with senior people based in key countries, who have experience of working in those local markets.
“We’ve hired six new people in the European team in the past year, bringing a range of experience and skills which will help to propel Standard life Investments further into Europe, as part of our commitment to expand our global franchise.”
Standard Life Investments Sicav funds have public distribution status in 14 European countries (Denmark, Finland, Sweden, Germany, Netherlands, Belgium, France, Italy, Ireland, Luxembourg, Norway, the UK, Switzerland and Spain), with a third party AUM across Europe of €12.2bn (£10.2bn), over 10% of the total third party AUM of €112.7bn (£94.2bn) at 30 Sept 2013.