AIA Group reports it has adopted the Global Investment Performance Standards (GIPS) saying it is the first asset owner to achieve compliance with the CFA Institute’s GIPS standards in the Asia-Pacific region, and the first insurance organisation to become GIPS-compliant as an asset owner globally.
The GIPS standards provide an ethical framework for the calculation and presentation of investment performance for investment management firms and asset owners.
Mark Konyn, AIA Group Chief Investment Officer, says: “We believe that compliance with GIPS standards is imperative as we continue to grow our business in Asia Pacific.”