Aberdeen Standard Investments (ASI) has appointed René Buehlmann as chief executive of its Asia Pacific business effective from 1 March, 2021, succeeding Hugh Young who will become chair of Asia.
Buehlmann would be responsible for driving the company’s global strategy in the region as it invested into further building its franchise, accelerating growth in Asia Pacific and bringing its full breadth of global investment capabilities closer to clients.
He had over three decades experience in global wealth and asset management, corporate banking and financial markets.
He had spent 29 years with UBS and was mostly recently head of asset management Asia Pacific and global head of wholesale client coverage.
Buehlmann would be based in Singapore and would join the executive leadership team, reporting to Stephen Bird, chief executive of Standard Life Aberdeen.
“René’s wealth of experience in asset and wealth management, deep knowledge of key client segments and a proven record of developing a strategic business will support our growth ambition,” Buehlmann said.
“His acute understanding of client needs and evolving investment trends will be vital, as we focus on the significant opportunities in the region and delivering a diverse array of future-fit investment solutions to our clients.”
Bird said Young had been instrumental in establishing a solid foundation for the Asia Pacific business.
“I want to thank him for his enormous contribution to the business over the 35 years,” Bird said.
“We are delighted that he has agreed to stay on as chairman Asia, his counsel and strategic advice will be invaluable as René transitions into the role.”