Aberdeen Asset Management Plc (ADN), Europe’s biggest publicly traded money manager, named Siddharth Dahiya as head of emerging-market corporate debt.
The appointment comes after the departure of money manager Esther Chan, who left for a similar position elsewhere, the Aberdeen, Scotland-based company said today in a statement. Dahiya, who began at Aberdeen in 2010, will continue to report to Brett Diment, the head of emerging-market and sovereign debt.
Paul Lukaszewski will join the team as an investment manager after a stint at Scottish Widows Investment Partnership, which Aberdeen agreed to acquire in November from Lloyds Banking Group Plc. Lukaszewski worked on Scottish Widows’s high-yield team in New York, according to the statement.
“Emerging-market corporate bonds have come into their own as a stand-alone asset class,” Diment said in the statement. “Valuations are attractive relative to developed market bonds, with good opportunities in both investment grade and high yield.”
To contact the reporter on this story: Katia Porzecanski in New York at email@example.com