Aberdeen poaches Close fixed income head Parry

Close Asset Management fixed income head Mark Parry has joined Aberdeen as a senior investment management within its multi-asset team.

Parry, who has been at Close since 2006, will join a team that manages around £6bn in assets, including the top quartile £550m Aberdeen Multi-Asset fund, and will assist in managing the team's range of pooled funds.

Parry will report to Mike Turner, head of global strategy and asset allocation.

Prior to his time at Close, Parry was head of inflation bonds at Schroders, and has previously worked as head of UK fixed income at PIMCO Europe.

"Events of the past few years have highlighted the benefits of employing a multi-asset approach encompassing both strategic and tactical asset allocation decisions to shelter from and take advantage of market volatility," said Turner.

"Aberdeen believes investor appetite for multi-asset solutions, including [recently launched] Diversified Growth, will increase and Mark's appointment is aimed at strengthening further the team and our offering."