Bird unveils new teams to lead investment strategy
Stephen Bird: ‘continuity and clarity’
Abrdn, formerly Standard Life Aberdeen, is restructuring its investment management operation ahead of chief investment officer Rod Paris retiring at the end of the year.
New teams will report directly to chief executive Stephen Bird.
Public Markets – Devan Kaloo and Craig Macdonald continue to lead their respective asset classes as Global Head of Equities and Global Head of Fixed Income respectively. Mr Kaloo has been appointed as Global Head of Public Markets and Mr Macdonald as Deputy Head.
Real Assets – the business has created a Real Assets franchise led by Neil Slater as Global Head of Real Assets. He will lead the Real Estate and Infrastructure capabilities.
Solutions – Robert McKillop will continue to lead the Global Product and Solutions business. He will now be directly supported in this by Aymeric Forest who is responsible for driving investment outcomes across multi-asset & solutions.
Central Investments – Archie Struthers will continue to lead the Central Investments teams, with overall responsibility for investment oversight and first line investment governance framework, as well as investment execution and our investment platform. He will also continue to lead on Responsible Investing and Stewardship activity
Mr Bird said: “When Rod and I first spoke about his plans several months ago, our priority was to ensure continuity and clarity to clients – while also putting in place a structure that empowers the talented team we have at abrdn, and the significant expertise and experience they have in delivering for our clients.
“Investment management is at the heart of what we do and I believe that this evolution to our structure will allow us to better align with the evolving needs of our clients, and the pace and scale of change across the industry. It’s indicative of the confident, futurist business that our new brand abrdn represents.
“Rod has worked in financial services for 40 years and been with the company since 2002. He has made an enormous contribution to the company over that time and we thank him wholeheartedly for the value he has created. I will personally miss his wisdom, support and his fierce intelligence. He leaves a fantastic legacy for us to continue to build on.”