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International

Aberdeen Standard Investment names head of China

Amy Wang was named head of China at Aberdeen Standard Investments, said a spokesman.

The position is new. Ms. Wang will manage the wholly foreign-owned enterprise Aberdeen Asset Management (Shanghai) in China, starting Sept. 1, the spokesman added.

Ms. Wang will report to Ian Macdonald, deputy head of Asia-Pacific, and Alexis Ng, head of distribution, Asia-Pacific.

"We are now keen to gain the necessary regulatory approvals, which will help us to develop Aberdeen Standard Investments' onshore business over the next 10 to 20 years. (Ms. Wang's) leadership will be important as we continue along that path," said Mr. Macdonald in a news release:

Aberdeen was one of the first money managers to be approved for a wholly foreign-owned enterprise in China for investment management activities.

Ms. Ng added in the same release: "(Ms. Wang's) deep knowledge and experience of the regulatory as well as market environment will be a benefit as we look to strengthen both our existing relationships with clients in China and build new ones — particularly among sovereign funds, financial institutions and insurance firms."

Ms. Wang joins from Amundi Pioneer Asset Management, where she was chief representative and head of Greater China. A spokeswoman could not be reached by press time for information on a replacement.