(Hong Kong, 21 August 2017) Aberdeen Standard Investments is pleased to announce that Amy Wang will be joining on 1September 2017 as general manager of its Wholly Foreign Owned Enterprise (WFOE) Aberdeen Asset Management (Shanghai) Co. Ltd., and its senior representative in China, based in Shanghai.
Amy, a Chinese national, educated in both China and the US, has long experience in China, having been chief representative for Franklin Templeton for a dozen years before joining Pioneer Investments in 2015. She previously worked in New York for ratings agency Fitch and as an economist at the International Monetary Fund in Washington DC.
Standard Life Investments has had a representative office in Beijing since 2002. Aberdeen Asset Management set up a representative office in Shanghai in 2008 and in 2015 established a WFOE in the Shanghai Free Trade Zone Lujiazui Financial City with the intention to submit applications to participate in the Qualified Domestic Limited Partnership programme and to obtain a Private Securities Fund Management registration. Amy’s immediate priority will be to help bring together the two China teams following the merger of their UK parent companies on 14 August 2017, to form Standard Life Aberdeen plc.
Amy will report to Ian Macdonald (Deputy Head of Asia Pacific) and Alexis Ng (Head of Distribution, Asia Pacific) in Singapore.
Ian Macdonald, Deputy Head of Asia Pacific of Aberdeen Standard Investments comments: "We are delighted that Amy has decided to join us at this exciting time. Aberdeen was the first foreign firm to establish a WFOE with the ability to undertake onshore investment management. We are now keen to gain the necessary regulatory approvals which will help us to develop Aberdeen Standard Investments’ onshore business over the next 10-20 years. Amy’s leadership will be important as we continue along that path."
Alexis Ng, Head of Distribution, Asia Pacific of Aberdeen Standard Investments adds: "Amy's deep knowledge and experience of the regulatory as well as market environment will be a benefit as we look to strengthen both our existing relationships with clients in China and build new ones – particularly among sovereign funds, financial institutions and insurance firms. Aberdeen Standard Investments is one of the leading global managers of insurance assets. We believe our size, breadth of investment capabilities and experience could be an important differentiating factor with prospective clients.”
For further information, please contact:
Senior Marketing Manager
+852 2103 4716
Press Manager, Asia
+852 3589 3151/ +852 9139 0792
Notes to editors
Aberdeen Standard Investments is a leading global asset manager dedicated to creating longterm value for our clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
With over 1,000 investment professionals we manage US$758 billion (£583 billion)* of assets worldwide. We have clients in 80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which they invest.
We are high-conviction; long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance. We are resolute in our commitment to active asset management.
Aberdeen Standard Investments is the asset management business of Standard Life Aberdeen plc, one of the world’s largest investment companies.
Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange. The Standard Life Aberdeen group was formed by the merger of Standard Life plc and Aberdeen Asset Management PLC on 14 August 2017.
* Standard Life AUM/AUA data as at 30 June 2017. Aberdeen Asset Management AUM data as at 31 March 2017. All other data as at 30 June 2017.
Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
The details contained here are for information purposes only and should not be considered as an offer, investment recommendation, or solicitation to deal in any investments or funds and does not constitute investment research, investment recommendation or investment advice in any jurisdiction.
This communication is available for distribution by the following Aberdeen Asset Management affiliate:
Hong Kong by Aberdeen International Fund Managers Limited. This document has not been reviewed by the Securities and Futures Commission.
Standard Life Investments companies:
Standard Life Investments (Hong Kong) Limited is licensed with and regulated by the Securities and Futures Commission in Hong Kong and is a wholly-owned subsidiary of Standard Life Investments Limited.
Standard Life Investments Limited is registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. Standard Life Investments Limited is authorised and regulated in the UK by the Financial Conduct Authority.