The move to create a separate division follows last year’s acquisition of Parmenion, and is a continuation of Aberdeen’s stated goal to “become a leader in using technology to provide investors with portfolios appropriate to their needs
CEO, Martin Gilbert said Jennings’ appointment demonstrated the firm’s desire to place platform services at the heart of its business model.
“In creating a distinct division, we aim to create a culture that can foster innovation, agility and client services.”
According to Aberdeen, in his new role, Jennings, who was MD of Axa’s Elevate platform before joining FNZ, will “develop and implement a business plan to allow Aberdeen to capitalise on the changes which new technology are bringing to the fund management industry.
With a focus on investment solutions and logistics capabilities and a brief to “bring together the strengths of Aberdeen’s global distribution platform and full range of products” Jennings will be responsible for Parmenion and will oversee Aberdeen’s joint venture with Hymans Robertson.
Jennings will report to Aberdeen CEO, Martin Gilbert, and COO Iain Plunkett. He will also join the firm’s group management board.
