ABERDEEN Investments has today announced the appointment of Herman Bots as global head of equities.
The firm has over 100 investors and boasts assets of £46bn under management.
Bots spent 17 years at one of the world’s largest pension investors APG where he was managing director of equities.
Herman Bots said: “I am passionate about equity investing, and it’s exciting to join one of the UK’s leading wealth and investment groups.
“With improving performance, a clear mission, and an incredibly diverse client base, it’s an important time to continue modernisation and delivery for clients – and grow the business too. I can’t wait to get started.”
He began his career as an energy specialist, with a background in equity research, talent management and investment process.
He will now report to Aberdeen’s CIO Peter Branner, whilst Devan Kaloo, who previously held the role, will return to running emerging markets portfolios.
Peter Branner said: “We are delighted to welcome Herman, who joins after an extensive search. He is an exceptional investor and people leader, with a keen eye on innovation, technology and tools.
“Having worked with Herman before at APG, this was an appointment that I have reflected on at length. He was the best fit for the role, and the panel was in unanimous agreement. We look forward to welcoming Herman in July.”
He added: “Finally, my thanks to Devan who has been and remains a huge part of Aberdeen’s story.
“His rapid career trajectory, from portfolio manager to emerging markets head in his first five years alone, speaks volumes. A true leader and mentor, he will now focus on doing what he loves the most with our full support.”
In response, Devan Kaloo said: “Leading Aberdeen’s equities franchise has been the privilege of my career.
“Through growth, challenge, and one or two extraordinary macro events, I’m pleased to hand over at a time of meaningfully improved performance, sharper focus from the leadership, and greater stability.”
Kaloo added: “We’ve overhauled process, brought in more rigour, and built genuinely new capabilities. A new generation of leaders is coming through – the team is in a great place, and I wish Herman every success.”
Aberdeen Investments has also announced that Nick Robinson, who has spent 25 years with the company, will be promoted to head of global emerging markets equities.
