Young vows to stay despite problems at Aberdeen

Aberdeen's Far East manager Hugh Young has committed to stay with the company in the near term despite the problems it has been suffering. Young denied Aberdeen's problems, which have depressed the group's share price and devalued the share options a lot of its managers hold, would lead to his early retirement. Young, managing director of Aberdeen Asset Management, Asia, which is 100% owned by Aberdeen plc, also dismissed the idea of selling off or renaming the Asian branch to remove the successful Far East operation from the UK business.