Aberdeen Investments has announced Flavia Cheong (pictured) will be retiring from her head of equities, Asia Pacific, role at the end of the year after a 30-year stint with the firm.
Cheong joined Aberdeen in 1997 as one of the first team members of the Singapore office. At the time assets under management stood at just £250m and have since grown to £16.9bn – something Cheong played a pivotal part in, according to the group.
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She said: “I am glad to be part of Aberdeen’s growth journey in Asia. I’m proud of what we’ve built together and grateful to my colleagues and our clients for their trust. I leave the team in highly capable hands.”
Pruksa Iamthongthong, currently deputy head of Asia Pacific equities, will succeed Cheong taking on the lead role. She has 20 years’ experience with Aberdeen.
Iamthongthong said: “I’m honoured to lead this exceptional team. With an average tenure of 12 years, our deep local expertise and collaborative culture are our greatest strengths. I look forward to building on the strong foundations laid by Flavia and continuing to evolve our strategies to meet the needs of our clients.”
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Devan Kaloo, global head of equities at Aberdeen Investments, commented on the changes: “Flavia helped put Aberdeen on the map in Asia. Her leadership, investment acumen, and commitment to nurturing talent have left an enduring legacy. We thank her for her extraordinary contribution. Pruksa is the natural successor. She combines a strong performance track record with deep client engagement and a passion for continuous improvement. She has long been a key face of the franchise and is well-positioned to lead the team into its next chapter.”
Aberdeen also announced two external additions to the team will start in June: Isaac Thong, a portfolio constructor is set to join from JP Morgan, and emerging markets financials analyst Anthony Yang joins from Goldman Sachs.