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LONDON - Flavia Cheong, the Head of Equities, Asia Pacific, at Aberdeen Investments, has announced her retirement after a three-decade career in asset management. Cheong, who joined Aberdeen in 1997, will step down from her role, leaving the Company’s investment portfolio in the hands of Gabriel Sacks and Xin-Yao Ng, supported by the Aberdeen Asia Pacific equity team.
The Directors of abrdn Asia Focus plc have expressed their gratitude to Cheong for her significant contributions over the years and extended their best wishes for her retirement. Sacks and Ng, along with the regional team, are expected to maintain the level of performance that has characterized the Company’s success.
During her tenure, the Company has achieved a net asset value total return of 2,716% since its inception in October 1995. abrdn Asia Focus plc stands out as the best performing Asia investment trust amongst the Association of Investment Companies’ ’ISA millionaires,’ and it aims to maximize total return to shareholders from a portfolio of predominantly quoted smaller companies in Asia, excluding Japan.
Krishna Shanmuganathan, Chair of abrdn Asia Focus plc, acknowledged Cheong’s role in building a strong team of 40 investment professionals across six countries in Asia, which has been pivotal to the Company’s performance. Shanmuganathan expressed confidence in the continued delivery of long-term value for shareholders under the new leadership.
The information in this article is based on a press release statement.
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