Elston, who has been with Aberdeen for four years as an Asia investment strategist, will report to both Hugh Young, head of Aberdeen’s Asia business, in Singapore and Mike Turner, head of global strategy & asset allocation, in Edinburgh.
As an Asia investment strategist, Elston has been a member of Aberdeen’s global strategy team, led by Turner, as well as a member of the Aberdeen Global II – Asia Pacific multi-asset fund tactical asset allocation team, since 2009.
In his new role he will be based in Singapore and work closely with members of Aberdeen’s Asia equity and fixed income teams who will continue to manage the underlying asset classes into which existing multi-asset mandates feed.
Young, managing director of Aberdeen Asset Management Asia, said: “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.”
