Aberdeen Picks Fund Of Funds Chiefs

Oct 14 2010 | 1:25am ET

Aberdeen Asset Management has named two former Credit Suisse executives to head its combined multi-manager business.

Graham Duce and Aidan Kearney joined Aberdeen when the firm bought some Credit Suisse fund management assets, including its long-only division, two years ago. They will now serve a co-head of a unit that combines the former Credit Suisse funds and the funds of funds business Aberdeen bought from the Royal Bank of Scotland Group earlier this year.

Duce and Kearney had led a multi-manager at Credit Suisse. Their promotion follows the exit of Michael Timmerman, the RBS fund of funds chief investment officer who joined Aberdeen following the January acquisition.

"Graham and Aidan bring a wealth of experience and expertise to the role and are supported by highly regarded and award-winning teams of investment and operational specialists who originally joined Aberdeen from both RBS Asset Management and CSAM," Anne Richards, head of alternative investment strategies at Aberdeen, said. "An increasing number of our underlying managers offer both long-only and hedge fund strategies and by combining the teams we will achieve the greatest impact from our teams' joint experience."

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