Aberdeen Asset Managers has announced changes to its management team.
Andrew Preston, currently senior investment manager and head of SRI within its Edinburgh-based global equity team is set to relocate to the group’s Sydney office.
In addition, Jeremy Whitley, senior investment manager within the Asia Pacific team, will be joining the global equity team in Edinburgh.
Both moves will take place during the summer.
Aberdeen says Preston’s move will further strengthen its equity team in Sydney at a time when the group’s presence in the local market place has been enhanced with the acquisition of Deutsche Asset Management’s domestic equity and fixed income businesses.
The SRI portfolios overseen by Preston will continue to be managed by the global equity team, led by Stephen Docherty. Jamie Cumming, investment manager within the global equity team, will assume Preston’s day-to-day responsibilities for global SRI mandates.
Whitley has decided to return to Edinburgh after three years based in Singapore.
Hugh Young, head of equities at Aberdeen Asset Management, says: “It is a credit to Aberdeen's consistent investment process across desks and regions that highly regarded managers, like Andrew and Jeremy, are able to relocate to offices elsewhere in the world to offer their experience and knowledge to other equity teams.
“We have a successful history of transferring managers from one region to another. Indeed Stephen Docherty, head of global equities, was previously a Latin American investment manager based in Fort Lauderdale while Chou Chong, head of Pan-European equities, joined Aberdeen as our first graduate trainee in Singapore in 1994.”
If you would like to comment on this story, contact:
020 7034 2636
Consultation closes 28 January
SLA's share price has almost halved since merger
Three shifts in sector
Takeover rumours continue
Raised £116m in total