The former fixed income head at Aberdeen Asset Management has been confirmed as chief executive officer of Alquity Investment Management.
Brad Crombie was previously global head of fixed income at Aberdeen and has been in the asset management industry for 18 years.
Alquity, which is based in London and has US$350 million (€306 million) of assets under management, said it has established a “shared values business model”, which connects investors and their investments to social progress in emerging markets.
Investments are made in Africa, Asia, and Latin America through portfolios with environmental, social and governance (ESG) criteria and has a segregated mandate from “one of the largest public pension funds in North America”, the firm said.
Crombie started his career at Aberdeen Asset Management in 2000 and re-joined the firm in February 2012 from Bank of America Merrill Lynch, where he was head of corporate credit and high yield research for Europe, the Middle East and Africa.
Outgoing Alquity chief executive Chris Wehbé will assist the board during the transition period.
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