Fund management: abrdn announces that Rod Paris is retiring as chief investment officer

Rod Paris will retire as abrdn’s chief investment officer at the end of this year, the fund management giant has announced.

Mr. Paris has been part of the group, which was recently renamed Standard Life Aberdeen, since 2002.

Stephen Bird, Edinburgh-based managing director of abrdn, said of Mr. Paris: “Personally, I will miss his wisdom, support and fierce intelligence. He leaves a fantastic legacy on which we will continue to build. ”

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abrdn, yesterday announcing the departure of Mr. Paris, also defined a structure for its investment management team “organized around pillars of strategic importance to clients – public markets, real assets, solutions and central investments – directly under by Stephen Bird ”.

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He said in public markets, Devan Kaloo and Craig Macdonald will continue to lead their respective asset classes as Global Head of Equities and Global Head of Fixed Income. Mr. Kaloo has been appointed Global Head of Government Procurement, with Mr. Macdonald as Deputy Head. Neil Slater will be global head of real estate assets and lead the “real estate and infrastructure capabilities” of abrdn.

Robert McKillop will continue to lead the global products and solutions business.

Archie Struthers will continue to lead the central investment teams. He will have overall responsibility for monitoring investments.

Mr Bird said: “When Rod and I first talked about his plans several months ago, our priority was to provide continuity and clarity to clients – while putting in place a structure that strengthens l he talented team we have at abrdn, and the significant expertise and experience they have in providing service to our clients.

“Investment management is at the heart of what we do and I believe this evolution of our structure will allow us to better align with the changing needs of our clients, as well as the pace and magnitude of changes in the business. industry. It’s indicative of the confident and futuristic company that our new brand abrdn represents.

He added, “Rod has worked in financial services for 40 years and has been with the company since 2002. He has made a tremendous contribution to the company during this time and we thank him wholeheartedly for the value he has received. ‘he created.

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