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Royal treatment

Princess Anne officially opens new Standard Life Aberdeen office

Princess Anne officially opens the new Standard Life Aberdeen office complex in Edinburgh.

Employees of Standard Life Aberdeen PLC got an extra perk on their first day of work in the firm's new office — a royal welcome.

The new headquarters in Edinburgh, which cost the investment firm 90 million ($128 million), was officially opened April 10 by Princess Anne, the daughter of Queen Elizabeth II. Her Royal Highness met with employees and vendors of the firm, along with workers who built the new headquarters.

"Welcoming the Princess Royal to Standard Life Aberdeen today was a great honor for our people, 21 years after she opened Standard Life's previous headquarters," co-CEOs Keith Skeoch and Martin Gilbert said in a news release.

The nine-story complex was developed to lift up the economy of the east end of the city. It will host a new restaurant quarter within the city center in an effort to boost the local economy by about 200 million each year, according to Messrs. Skeoch and Gilbert.

"With a rich and proud Scottish heritage, the business has evolved over the decades into a global organization, whilst remaining at the heart of Scotland's economy and business community," Messrs. Skeoch and Gilbert said.

Aberdeen Standard Investments, the money management arm of the firm, has 575.7 billion ($819.4 billion) in assets under management.