Top Aberdeen Asset Management staff opt for rival Brevan Howard
Investment group Aberdeen Asset Managers received a blow today with the loss of key personnel to rival Brevan Howard.
Ian Winship, head of interest rates, colleagues Philip Payne, Harry Melandri, and analysts Michael Siviter and Adrian Hilton have all bid farewell to their former employers.
They will no longer be involved in investment decisions, with immediate effect.
Joining them at Brevan Howard is Keith Patton, Aberdeen’s former fixed income portfolio and product manager, EMEA.
The current head of fixed income, Charles McKenzie, has assumed Patton’s duties.
Matt Cobon, head of currency, John Murphy, portfolio manager and Anthony Michael have taken over the interim management of the interest rate team.
The outgoing team are thought to have been responsible for a large portion of Aberdeen’s turnover, however the company is keen to stress that it is business as usual.
“There is still a team of over 100 people around the world managing fixed income assets. worth £47.46bn. As far as clients are concerned there is a full capability and a smooth transition in place at the company,” said an Aberdeen spokesperson.
Brevan Howard declined to comment on the question of recruitment.
London-based Brevan Howard became the largest hedge fund manager in Europe when its assets soared 73 per cent – from £15.2bn in June 2007 to £14.3bn in June this year.