Standard Life Investments (SLI), the asset management unit of Standard Life, is reportedly looking for strategic partnerships in China, Taiwan and Southeast Asia for product development and distribution.

SLI Asia head David Peng said these partnerships will not include equity acquisition, but rather knowledge and expertise exchange.

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Peng added that he is also planning to form partnerships with John Hancock Investments and Japan’s Sumitomo Trust Bank.

In China, SLI aims to target asset managers, insurers and independent financial advisory firms that are looking to expand their product offerings.

This partnership in China will be headed by Peng’s team, reported Asian Investor.

In addition, SLI is in talks with local fund houses to sell its offshore funds to mainland institutions using the qualified domestic institutional investor (QDII) scheme. SLI also has few products registered in Hong Kong for sale to retail investors.

In Taiwan, SLI is looking to partner with master agents and aims to seek alternatives to expand into that market.

The firm will also provide securities investment trust companies with a sub-advisory service on fund management or distributing its international products domestically via a feeder structure.

Furthermore, in Southeast Asia, SLI plans to partner with financial groups whose businesses operate in the Asean region including banking, insurance and asset management that are seeking to expand both their product range and asset management client base and capabilities.

Peng said: "The discussions with potential partners are long term. They are interested in a broad range of products and are being realistic as to their fit with client needs. It is a long-term process."