Montreal, QC (Dec. 7, 2001) – Standard Life’s president, Mr. Claude Garcia, presented five HEC students with Standard Life scholarships this past week completing the second year of the Fonds Standard Life – Hautes Etudes Commerciales programme.
“It is important to build lasting partnerships with educational institutions like HEC,” said Mr. Garcia. The Fonds Standard Life – Hautes Etudes Commerciales is a unique experience for a handful of students who see a different, more practical angle of the investment world. In fact, since it’s inception, the students have performed over the index, until this past quarter, where their performance was slightly below their index of reference. “It is a completely different approach for students, much more than theories and text books. They get to work with real money, in the present time with our investment professionals,” added Mr. Garcia.
In November 1999, Standard Life approached HEC to devise a mandate whereby investment students at the HEC could gain hands-on, practical experience in managing a portfolio. Standard Life fronted $2 million for investment on the Canadian market into bond, equity and short term instruments. The investment committee is comprised of 10 students who rotate on a bi-yearly basis and two professors who serve as guides. The students make all the investment decisions. The trades are then executed by Standard Life Investments Inc. (SLI) after being duly reviewed. Although SLI coaches take great care to not influence the decisions reached by the students, they will offer corrective suggestions in order to ensure compliance or prevent an inappropriate transaction.
In Canada, Standard Life (www.standardlife.ca) has over $28 billion in assets under management and offers a wide range of financial products and services to more than a million individuals. Its 2,200 employees are committed to providing superior customer service from its headquarters in Montreal, its Calgary and Toronto regional offices, as well as from its 20 sales offices across the country. Standard Life’s products and services include group savings and pension, group life and health, individual life insurance, savings and retirement. Through affiliated companies, it also offers mutual funds and portfolio management services. Total premium income and deposits reached $3.7 billion in 2001.
Standard Life is part of the
Standard Life Group (www.standardlife.com) was founded in Edinburgh, Scotland, in 1825. The Group has over 12,000 employees, over $190 billion in assets under management and over 5 million customers in, among others, the United Kingdom, Canada, Ireland, Germany, Austria, Spain, India and Hong Kong. The Group has also established two representative offices in China. Total premium income and deposits reached over $14 billion in 2000.