Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Aberdeen boosts Hugh Young’s team with new multi-asset role

Aberdeen boosts Hugh Young’s team with new multi-asset role

Aberdeen Asset Management has appointed Peter Elston to the newly-created role of head of Asia Pacific strategy and asset allocation.

Elston, who has been at the firm for four years as an Asian investment strategist based in Singapore, will report to Hugh Young (pictured), who is head of Aberdeen’s Asian business in Singapore.

He will also report to Mike Turner, who is head of global strategy and asset allocation, based in Edinburgh.

Elston has been part of the 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 the firm’s Asian equity and fixed income teams, who will continue to manage the underlying asset classes, into which existing multi-asset mandates feed.

Elston said: ‘Aberdeen already has strong track records in the key underlying asset classes of Asian equity, fixed income and property around which we will continue to grow multi asset products.’

Young 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.’

Elston joined Aberdeen in 2008 as a strategist for Asia. He started his career in 1988 at Mercury Asset Management, and for most of his time, managed Asian equity funds from Tokyo, Hong Kong and Singapore.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Michael Turner
Michael Turner
112/117 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 15.72%
Hugh Young
Hugh Young
101/107 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: -7.31%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter