abrdn Asian Income Fund Limited (the
"Company")
Legal Entity Identifier (LEI):
549300U76MLZF5F8MN87
12 March 2025
Management Team changes
The board of abrdn Asian Income Fund
Limited ("Board") is pleased to announce that Isaac Thong is to be appointed lead manager of abrdn Asian
Income Fund Limited working alongside Eric Chan. Isaac will be
joining aberdeen's Asia Pacific Equities team as Senior Investment
Director, based in Singapore, and will be responsible for the
day-to-day portfolio management of the Company. He will also lead
the Asian Income portfolio construction group within aberdeen which
includes responsibility for the Company's portfolio.
Isaac replaces Yoojeong Oh who is
leaving aberdeen to pursue other interests. The Board is extremely
grateful to Yoojeong for her careful stewardship of the Company
over the last decade and as we look forward to celebrating our
20th anniversary later this year.
Isaac joins the Company at an
exciting time, with Asia set to power more than half of the world's
GDP. With over 15 years' experience in the financial services
industry and over a decade of experience investing in Asia
equities, Isaac brings with him a wealth of knowledge and expertise
that will enable the investment team to continue finding companies
that will deliver sustainable growth, consistent income and
attractive returns for our shareholders.
Before joining aberdeen, Isaac was
Co-Manager of the Morningstar four star rated JPMorgan Global
Emerging Markets Income Trust PLC and five star rated JPMorgan
Emerging Markets Income Fund.
Isaac has a Bachelor of Commerce with
joint honours in Finance and Economics from McGill University,
Quebec and is a CFA Charterholder.
Ian Cadby, Chairman,
commented:
'We
are delighted to be welcoming Isaac, who will be leading the
investment team. His excellent track record in Asia and Emerging
Markets investing is a tremendous asset for our company. With
Asia poised to drive global economic growth, Isaac's expertise will
be instrumental in navigating this dynamic landscape. Asian
companies are increasingly prioritising shareholder returns and
dividend growth, which aligns perfectly with our investors' focus
on both growth and yield. I am confident that under Isaac's
leadership, our investment strategy will continue to deliver
sustainable capital growth and a consistent income for our
shareholders"
Isaac Thong added:
'I
am looking forward to taking on the management of abrdn Asian
Income Fund, at a significant moment given the recently established
new dividend regime and its 20th anniversary this year.
The Company has a rich heritage of investing in Asia, while the
team at aberdeen has an excellent track record in Asia Equities and
I am grateful for the opportunity to build on
that.'
abrdn Investments Limited
UK
Administrator
Contact:
Ben
Heatley
Ben.Heatley@abrdn.com
Gordon Hay Smith
Gordon.HaySmith@abrdn.com
Maria
Allen
Maria.Allen@abrdn.com
We
get Asia because we're here
We speak the language and live the
culture of where we invest, gaining first-hand market insights and
enriching data with a deep understanding of the local
landscape
Relationship to rely on
Our connections breed consistency. We
build and maintain partnerships with companies and their management
teams to unlock their business growth and your income
potential
Diversification, delivered
From established brands to growth
industries our fund extends beyond boundaries and sectors to
diversify income opportunities from the strongest-performing and
fastest growing businesses across Asia.
