Aberdeen confirms insurance focus with new role

James HughesAberdeen Asset Management has appointed James Hughes to the newly created role of head of insurance solutions, within its Investment Solutions arm. Hughes will take a leading role in crafting bespoke and pooled multi-asset solutions for the firm’s insurance clients, working in close partnership with the Insurance Specialists team within Aberdeen’s distribution division. Hughes joins Aberdeen from Gottex Asset Management, where he was managing director of the firm’s multi-asset division. He also worked at HSBC for over eight years where he was the group chief investment officer for the bank’s insurance wing, and responsible for assets of around €88 billion across 14 countries, including developed, emerging and frontier markets. Aberdeen moved to create the role due to regulatory developments, such as Solvency II, which came into force at the beginning of the year. According to consultancy Spence Johnson, insurance assets managed by third party fund managers are set to double to almost €1 trillion over the next 10 years, with insurance firms outsourcing increasing levels of assets to fund managers as a result of such changes. As of the end of the third quarter 2015, Aberdeen managed around €158 billion for insurance clients. ©2016 funds europe

Sponsored Profiles

SPONSORED FEATURE: Investing for income

May 17, 2017

Portfolio Manager Thomas Kruse examines the findings from Pioneer Investments’ survey on income investing and outlines ways of achieving a target income.

SPONSORED ARTICLE: A radical solution to KYC concerns

May 17, 2017

The 1MDB affair shows that lax know-your-customer and due-diligence procedures are a major risk, says Paolo Brignardello, head of product management and marketing, Fundsquare. New solutions are...

SPONSORED FEATURE: AIFMD - What does Brexit mean?

Apr 18, 2017

An open discussion between funds industry experts and initiated by SGG Luxembourg took place in London to examine  the implications of Brexit for UK fund managers marketing to the EU.

SPONSORED FEATURE: Luxembourg fund reporting – CRS vs FATCA

Apr 18, 2017

Luxembourg funds need clear procedures for CRS compliance, writes Andrew Knight, Partner at M Partners, a member of the Maitland network of law firms.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

MARKETING & BRANDING ROUNDTABLE: It’s about aspiration

May 17, 2017

With such an intangible product, it can be hard for asset managers to communicate what they do. Having personality and connecting with customer aspirations may be the key, our branding roundtable hears.

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.