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Standard Life Aberdeen has made three new appointments aimed at strengthening the alignment of the business around its growth areas of investments, adviser and personal savings.
René Buehlmann has been appointed chief executive Asia Pacific (APAC), joining the company with over 30 years of global wealth and asset management experience.
He has particularly strong experience in China and will look to further develop the investments division across APAC.
Hugh Young has been appointed Chairman in Asia, helping Buehlmann in his new role, while remaining lead fund manager for Aberdeen Standard Asia Focus – as well as his director positions representing the firm on certain fund and UK investment trust boards.
Chris Demetriou, currently head of Americas, will lead the investments divisions across the UK, Europe, the Middle East and Africa (EMEA) and the Americas, taking up his new role on 1 April.
This significantly broadened remit should deliver sustainable growth through collaboration on global investment capabilities.
Gary Marshall, head of UK and EMEA will be retiring later in the year and his responsibilities will transition to Demetriou.
Julie Scott, chief executive of the 1825 brand and interim lead for personal, is leaving the business to take up a new role as chief customer officer at Royal London.
Within the UK personal savings and wealth segment, Standard Life Aberdeen is looking to appoint a chief executive and the search is “developing well”.
In the interim, Noel Butwell, chief executive on the adviser side, will also act as chief executive of the personal business.
Meanwhile, David Mouille has joined the corporate development team, reporting to James Aird.
He will be particularly focused on supporting growth in the personal segment, having experience in corporate development and investment banking acquired at Citi Bank in Europe, and Asia and the US for Merrill Lynch Asia.
Group chief executive Stephen Bird stated: “I am really looking forward to welcoming René and David to the business and working closely with them to build on our existing capabilities and move forward with our strategic ambitions.
“And of course, I’m really delighted for Chris in his expanded role, he’s a fantastic home-grown leader.”
“I want to thank Hugh for his tremendous efforts over many years building our business in Asia – his ongoing counsel and strategic advice will be invaluable as we continue to build our presence in the region,” he continued.
“My thanks and best wishes also go to Gary and Julie for their leadership and the invaluable support they have provided to me and the business – I have very much enjoyed working with them both.”