Devan Kaloo has been promoted to global head of equities at Aberdeen Asset Management, taking over the role from Hugh Young, who will pursue a broader role within the £330 billion manager.
Kaloo, aged 43, will retain his existing role as head of emerging market equities, which he has held for the past 10 years. His promotion means Joanne Irvine, who looks after these markets outside Asia, will take greater investment responsibilities.