Ireland chosen as group’s hub

STANDARD LIFE IRELAND has been chosen as the group’s manufacturing base for international bonds.

This follows the success of Standard Life International, set up in Dublin two years ago. Its offshore investment bond sales have increased from £39m (€50.99m) in 2006 to £284m (€373m) in 2007.

“Ireland will play a key role in the growth of Standard Life’s group’s global ambitions,” said Nigel Dunne, the newly appointed head of Irish and offshore distribution,” he said.