Aberdeen Standard Investments' head of Asia Pacific on how crises and consolidation have affected the investment industry and why his firm first chose Singapore as its regional base.
With talk of consolidation swirling around several big fund houses, AsianInvestor quizzes Aberdeen Standard’s Hugh Young and Mark Browning of Franklin Templeton about the trend.
The UK house has become the first global manager to be granted a licence that enables it to operate fully as a private domestic securities firm onshore in China after a rule change.
Hugh Young, Aberdeen AM's Asia head, says he remains averse to investing in China A shares because of what he sees as poor-quality firms. But he admits that sitting out the equity boom has hit returns.
Hugh Young has despaired at the increasing popularity of passive investment products, but he told AsianInvestor that the rising trend can be advantageous for active managers.
Hugh Young, Asia chief at Aberdeen Asset Management, welcomes board changes at Standard Chartered, but questions the need to replace its Asia CEO as he sees it as too top-heavy.