As part of this drive, the company has hired Suhaila Suboh as Asian fixed income strategist. She has spent the last four years doing research and advising on investment strategy for the investment management supervision department of Malaysia’s Securities Commission. In her new role Suboh will work alongside Aberdeen’s 13-strong Asian fixed income team, based initially in Kuala Lumpur.
Aberdeen said Suboh will shortly be joined by new hires in both credit and macro research as the group builds ahead of plans to launch a range of Shariah compliant retail funds.
Anthony Michael, head of Asia Pacific fixed income at Aberdeen, said: “With interest in Asian fixed income surging worldwide, it is important we are visible as leaders in the asset class. This is a $6.8bn business but we firmly believe it’s just the beginning in terms of asset gathering, as funds leave indebted Western borrowers for the relative value and safety of Asia.”
