Aberdeen Standard Investments has named Amy Wang to the role of general manager of its wholly foreign owned enterprise (WFOE) Aberdeen Asset Management (Shanghai) Co. Ltd.
Based in Shanghai, Wang will be the manager’s senior representative in China. She will report to Ian Macdonald, deputy head of Asia Pacific and Alexis Ng, head of Distribution, Asia Pacific in Singapore.
Wang joins from Pioneer Investments where she served as head of Greater China – Institutional from 2015. Prior to that, she was chief representative for Franklin Templeton in China for more than 12 years.
Other roles Wang held in her career include associate director at Fitch Ratings in New York and economist at the International Monetary Fund in Washington DC.
Standard Life Investments has had a representative office in Beijing since 2002 while Aberdeen Asset Management has established one in Shanghai in 2008 and in 2015 set a WFOE in the Shanghai free trade zone Lujiazui Financial City.
Wang will contribute to look at the merger of both China teams following the merger of Aberdeen and SLI that was completed on 14 August 2017.
Amy will report to Ian Macdonald (Deputy Head of Asia Pacific) and Alexis Ng (Head of Distribution, Asia Pacific) in Singapore.
Macdonald said: “Aberdeen was the first foreign firm to establish a WFOE with the ability to undertake onshore investment management. We are now keen to gain the necessary regulatory approvals which will help us to develop Aberdeen Standard Investments’ onshore business over the next 10-20 years. Amy’s leadership will be important as we continue along that path.”
Alexis Ng, head of Distribution, Asia Pacific of Aberdeen Standard Investments, commented: “Amy’s deep knowledge and experience of the regulatory as well as market environment will be a benefit as we look to strengthen both our existing relationships with clients in China and build new ones – particularly among sovereign funds, financial institutions and insurance firms.
“Aberdeen Standard Investments is one of the leading global managers of insurance assets. We believe our size, breadth of investment capabilities and experience could be an important differentiating factor with prospective clients.”
As of 30 June 2017, Aberdeen Standard Investments managed assets of €641bn.