Aberdeen Standard Investments announced earlier this week that it completed the integration of its equity division following the merger of Aberdeen Asset Management and Standard Life Investments in 2017.
The major restructure saw the exit of six fund managers, as well as the installation of a new leadership team for the equity division.
Based in the UK, the new team will be supported by the global head of research Mark Vincent, global head of business strategic development Stuart Ives and global head of business operations Boo Siew Yan, Citywire Asia has learned.
Commenting on how this restructuring will play out in Asia, the company spokesperson said: ‘We can confirm that there are no changes to the equities teams based in Asia. The Asian equities team will continue to be led by Flavia Cheong, head of Asian equities.’
Aberdeen Standard has a 50-strong Asia Pacific equities team across Singapore, Sydney, Tokyo, Bangkok, Kuala Lumpur, Hong Kong and Jakarta.
Fund managers will continue to manage portfolios with a disciplined, fundamental research driven investment approach, supported by its local dedicated environmental, social and governance (ESG) resource.
‘The team will benefit from our investment in the equity research platform and additional insights from both firms,’ the spokesperson said.
Devan Kaloo, London-based global head of equities, leads the group’s equity division, which has over 180 investment professionals across 10 countries managing $161 billion of assets.
Continuity in mandates management
A core principle of the integration has been continuity of mandate management, Aberdeen Standard said in a statement.
As far as possible, the portfolio management team and investment approach for existing strategies remain in place.
The integration has been supported by the complementary nature of teams across global, developed and emerging markets.
For the majority of strategies from both firms, the core team and investment approach remain in place.
Investments in tools
The integration has seen a significant investment in the equity division, as well as in the tools and support provided to its portfolio managers.
Aberdeen Standard has introduced a common risk system to ensure consistency of portfolios and risk assessment, with on-desk quantitative support providing deeper analytics.
Additionally, it has invested in ESG capabilities, with embedded resource within teams supported by its cross-asset-class specialists ESG team.