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.”
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