Aberdeen AM creates Asia Pac strategy role for Peter Elston
From People Jan 18 2012 BY: Simon Danaher
, Online News Editor
, International Adviser
Aberdeen Asset Management has appointed Singapore-based Peter Elston (pictured) to the newly created role of head of Asia Pacific strategy & asset allocation.
Elston, who has been with Aberdeen for four years as an Asian investment strategist, will report to both Hugh Young, head of Aberdeen’s Asian business, in Singapore and Mike Turner, head of global strategy & asset allocation, in Edinburgh.
As an Asian investment strategist, Elston has been a member of Aberdeen’s global strategy team, led by Turner, as well as a member of the Aberdeen Global II - Asia Pacific multi-asset fund tactical asset allocation team, since 2009. He will work closely with members of Aberdeen's Asian equity and fixed income teams who will continue to manage the underlying asset classes into which existing multi asset mandates feed.
Young, managing director of Aberdeen Asset Management Asia, said: “Asia will remain a growth region for decades to come. Peter's appointment is recognition of the increasing interest in Asian multi-asset solutions and represents a natural step in the development of our business in the region.”