By Daniel Lanyon on 17th May 2017
Emerging markets specialist Aberdeen has brought in Paul Mehta to lead its diversification into private debt and other alternative forms of fixed inco
Aberdeen Asset Management has appointed Paul Mehta as global had of loans as it continues to expand its exposure to the Alternative Credit market.
Mehta joins from BNP Paribas Asset Management where he worked in the firm’s loans and distressed trading department, previous this he held similar roles at Bank of America Merrill Lynch.
Aberdeen’s fixed income team has invested for several years in the loans market through its Global High Income Fund, as well as managing separate accounts for institutional clients.
The firm says loans can provide the potential for capital preservation, outperformance in a rising interest rate environment, provide stable cash income and also help diversify portfolios.
Mehta’s role will be to continue Aberdeen’s drive to invest in a much wider, global range of loans across the US, Europe and emerging markets.
He will report into Global Head of High Yield Steve Logan and form part of the 20 strong global high yield group.
Logan says the appointment is part of a strategy to further strengthen the firm’s prvate debt capability.
“This also reflects the increasing appetite from clients to invest in loans. To this end we are working to provide more tailored solutions that suit our clients’ requirements, which means including an emerging market element, supported by our truly global fixed income research platform,” he said.