SINGAPORE, Nov 17 (Reuters) - A private equity firm owned by South Africa's Standard Bank (SBKJ.J) and Malaysia's CIMB (CIMB.KL) hopes to double assets to over $1 billion by early 2011 by launching a new Southeast Asia fund and growing its existing Islamic fund, its chief executive officer said on Tuesday.

Johan Bastin, Singapore-based CEO of CIMB Standard Strategic Assets Advisors, said the firm plans to launch a $300 million Southeast Asia infrastructure fund next year and increasing its Islamic infrastructure fund to the target size of $500 million.

"We are already putting people in place," he told Reuters in an interview, saying CIMB Standard is opening an office in Indonesia next month and will have an office in Turkey around the middle of next year to cover the Middle East.

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Posted by claire at November 17, 2009 7:21 PM