Abrdn hires from State Street for multi-asset role
Abrdn has hired State Street’s Raf Choudhury as an investment director in its Australian multi-asset investment solutions business.
Choudhury was formerly head of investment strategy and research- Australia at State Street Global Advisors (SSGA) and had worked at the firm for 17 years in the UK and Australia.
At Abrdn, he would play a key role in managing the firm’s Australian multi-asset funds and its managed accounts capability, a newly-created position for the business following client feedback.
Abrdn’s global multi-asset business was over $83 billion in size and had over 100 staff.
He would report to Irene Goh, head of multi-asset investment solutions- Asia Pacific.
Goh said: “We are extremely pleased to have Raf onboard to further our successes in Asia Pacific. This signifies our commitment to the business and clients in Australia with Raf driving the growth of abrdn’s multi asset investment capability locally. He will assume the portfolio lead for the Australian-based portfolios and managed accounts.
“A key element of Raf’s responsibilities will also be contributing investment insights to the broader MAIS teams that should translate into successful portfolio strategies. With his experience, we look to Raf delivering valuable and sophisticated analytical research as well as investment strategies to the regional and global investment network. ”
Brett Jollie, managing director- Australia, added: “This new role is a great example of abrdn investing in the Australian business. We have listened to our clients and acted to meet their needs.
“Raf will also play an integral role in the development and further growth of our managed account capability. abrdn Australia currently has a suite of over 20 separately managed account solutions for financial advice licensees and advisers to tap into, and is a core growth pillar for the Australian business.”
AUTHOR
Liam Cormican
Recommended for you
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.
