The new offices more than double the amount of countries the investment manager operates in; from seven to 17. New locations also include Munich, Tokyo, Zurich, Stockholm, Brussels, Milan and Madrid.

These will all be opened in June 2015 apart from Tokyo and Los Angeles, which will be in operation from January 1 next year.

Additionally the firm will grow its operational hubs in Edinburgh, Hong Kong, London and Boston with increased office space. The Paris, Sydney and Frankfurt office will also be moving to larger premises in the spring.

“Standard Life Investments has seen considerable global expansion in 2014, both in assets under management and people. This organic growth along with the recent integration of Ignis Asset Management and Standard Life Wealth, plus the global collaboration agreement with Manulife, means we needed to prepare for the future and ensure we have the right strategy for our long-term estate portfolio worldwide,” said Keith Skeoch, chief executive of Standard Life Investments.

The firm’s eventful 2014 included acquiring UK-based Ignis Asset Management in July for £390 million . In September, it sold its Canadian business to Manulife and last month announced that its Dubai office will close at the end of January following changes to the regulatory landscape.