Aberdeen appoints Duce and Kearney as co-heads of its combined multi-manager capability

Aberdeen has appointed Graham Duce and Aidan Kearney as Co-Heads of Multi-Manager Investments, within the Group’s Alternative Investment Strategies business. Graham and Aidan will oversee a 40-strong team of experienced investment professionals responsible for Aberdeen’s £13.5 billion long-only multi-manager and fund of hedge funds portfolios. The decision to unify the teams and investment processes under Graham and Aidan follows the departure of Michiel Timmerman, CIO – Multi-Manager Investments, who joined Aberdeen earlier this year from RBS Asset Management. This move brings together the long-only and hedge fund of fund businesses from both Credit Suisse and RBS.

Previously Graham and Aidan were co-heads of the multi-manager fund business that they brought with them following Aberdeen’s acquisition of selected fund management assets from Credit
Suisse. Their expanded remit will now encompass the long-only multi-manager and funds of hedge fund portfolios acquired from RBS Asset Management earlier this year. Both will ensure that
Aberdeen’s core investment values are maintained.

Central to Aberdeen’s team approach is rigorous investment and operational due diligence prior to investing and thereafter. Any investment in an underlying fund or strategy is only made following
detailed qualitative analysis involving meetings with all underlying management teams, supported by quantitative measurement as appropriate. At the same time robust operational and legal due
diligence to mitigate downside risk is carried out. This focused bottom-up investment process is complemented by top-down asset allocation analysis.

Graham and Aidan will continue to report to Anne Richards, Head of Alternative Investment Strategies and Chief Investment Officer of Aberdeen Asset Management.

Anne Richards, commented: “Graham and Aidan bring a wealth of experience and expertise to the role and are supported by highly regarded and award-winning teams of investment and operational specialists who originally joined Aberdeen from both RBS Asset Management and CSAM. An increasing number of our underlying managers offer both long-only and hedge fund strategies and by combining the teams we will achieve the greatest impact from our teams' joint experience. ”

Graham Duce is co-head of Aberdeen’s Multi-Manager Funds desk. Graham joined Aberdeen in 2009 following the acquisition of certain asset management businesses from Credit Suisse Asset Management. Graham joined Credit Suisse in 2002 as Head of Third Party Funds for Private Banking in the UK and was instrumental in forming the investment process for fund selection and portfolio construction. Prior to Credit Suisse, Graham was Managing Director at Towry Law Investment Management and before that was a private client manager at Lacomp Plc, Aberdeen
Fund Managers and Richards Longstaff Ltd. Graham graduated with BA (Hons) Economics and Politics from Essex University.

Aidan Kearney is co-head of Aberdeen’s Multi-Manager Funds desk. Aidan joined Aberdeen in 2009 following the acquisition of certain asset management businesses from Credit Suisse Asset
Management. Aidan joined Credit Suisse in 2007 from Premier Asset Management where he was Senior Investment Manager of their Pooled Funds range. Previously Aidan worked at Artemis,
ABN AMRO, Singer & Friedlander where he headed the multi-manager business and Allied Irish Investment Managers (UK) Ltd where he managed both Charity and Private client portfolios.
Aidan is an Associate of the Chartered Institute of Secretaries (ACSA) Issued by Aberdeen Asset Managers Ltd, which is approved and regulated by the Financial Services Authority in the UK.
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