Aberdeen looks to grow in European credit

Aberdeen Asset Management wants to boost its fixed income team with new hires to European Credit.

"Fixed income investment is expanding into European credit," says Charles MacKenzie, head of UK fixed income for the firm. "We are able to manage already very comfortably and we are servicing our European clients very well, but we still need to hire more people into European credit."

Aberdeen Asset Management acquired Deutche Bank's London and Philadelphia-based fixed income businesses nearly a year ago, and MacKenzie says its recent move from business retention to expansion has freed the business to grow into Europe.

The London fixed income team has about 20bn in funds under management.