With Sino-US tensions mounting over Donald Trump's plans for trade protectionism, among other things, mainland institutions are seen to be eyeing foreign assets outside America.
The Edinburgh-based fund manager chose the city state as the base from which to build out its direct real estate investment capability in Asia. It appointed four executives to staff the office.
Richard House of Standard Life Investments expects Asian asset owners, notably Taiwanese life insurers, to raise allocations to emerging-market bonds as they strive to boost yields.
The UK fund manager has hired its first institutional sales head in Tokyo and is looking to add another to his team, with a view to tapping growing local demand for foreign exposure.
Newly proposed rules – due to take effect later this year – are set to help Korean insurers increase their overseas and alternatives exposure with a view to tackling falling returns.
Having set up an 11-person office and obtained an advisory licence in Tokyo, Standard Life Investments is eyeing the next steps for expansion, new Japan CEO Neil Slater told AsianInvestor.