Press Releases

Aberdeen opens Sao Paulo Office 29 September 2009

Aberdeen to open Sao Paulo office

Aberdeen Asset Management has established an office in Sao Paulo. Nick Robinson, emerging markets equities investment manager, will relocate to lead the operation.

Formerly based in London, Nick will focus on the research and management of Latin American equities. He will be supported by emerging market team colleagues in London and Singapore who will continue to visit companies in the region regularly.

Aberdeen’s highly regarded investment process places great importance on visiting and meeting with companies on-the-ground. Since the late 1980s, Aberdeen has been investing in the region’s companies. Today, the group’s global emerging markets team manages over US$12 billion of which $4 billion is invested in Latin American stocks.

Devan Kaloo, Head of Global Emerging Markets at Aberdeen, comments:

While the office will be initially focused on the research and management of Latin American equities, the intention is to make it the hub for all of Aberdeen’s activities in the region. The group’s emerging market debt team will be able to use the office as a base when they undertake Brazil research trips – meeting with companies, independent local economists/investors and government officials. In the longer-term, the region also offers some exciting business development opportunities. Aberdeen already manages over $1 billion on behalf of Latin American clients and will look to build its client base as the region’s economies, pension and savings cultures evolve.

Martin Gilbert, chief executive of Aberdeen, comments:

“The establishment of an office in Sao Paulo is an exciting development in Aberdeen’s history. Growing on-the-ground resource in Latin America is a critical step to further augment our knowledge of local markets. Similarly, it will provide an important platform to service our growing client base in the region.”