Aberdeen bolsters Young's Asia team

Peter Elston has taken on the newly-created role of head of Asia Pacific strategy and asset allocation on Hugh Young’s Singapore-based team.

He has been with Aberdeen for four years as an Asian investment strategist, and has previously worked for Mercury Asset Management.

Elston will report to Young, head of the group’s Asia business, and Mike Turner, head of global strategy and asset allocation.

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.

Elston said: “The case for broad investment exposure to Asia is a simple and compelling one. 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 added: “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.”