![Martin Gilbert, co-CEO of Aberdeen Standard Investments](https://s.wsj.net/public/resources/images/FN-AF915_FN_GIL_M_20190114125535.jpg)
Aberdeen Standard Investments is investing $13m in a new insurer in Singapore, coming in as a minority shareholder behind Michael Spencer’s IPGL investment company.
The Scottish fund manager is acquiring a roughly 5% stake in Singapore Life, it said in a statement on January 15.