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Markets
15 May 2025 by Maja Garaca Djurdjevic

Gold’s 2025 bull case strengthens on trade tensions, inflation and reserve diversification

The gold market has entered new territory, with State Street Global Advisors revising its outlook as bullion prices defy historical norms and market ...
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‘Not going anywhere’: BlackRock backing a game changer for retirement innovation

On the back of a strategic alliance between the firms, the CEO of Generation Life says it’s “phenomenal” to have the ...

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Bitcoin forecast to strike US$200k by year’s end

Improving market sentiment, coupled with political engagement around digital assets, could see bitcoin reach US$200,000 ...

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SMC urges ‘balanced review’ of private markets

As ASIC looks to crack down on private markets, the Super Members Council is calling for a “balanced review” of both its ...

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AI set to lead thematic ETFs to record flows in 2025, says State Street

In a year marked by significant growth for thematic ETFs, 2025 is poised to be a landmark period for AI-focused ...

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Morningstar says Insignia takeover race not over yet as CC Capital remains in play

Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original ...

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Aberdeen bolsters equities team

  •  
By Stephen Blaxhall
  •  
2 minute read

Aberdeen Asset management has added a 20-year industry veteran to its equities team.

Aberdeen Asset management has added socially responsible investments (SRI) specialist Andrew Preston to its Sydney-based equities team.

Preston, an expatriate Australian with over 20 years at Aberdeen, has specialised in SRI since 1992 and was appointed head of Aberdeen's SRI team in 1996.
 
Formally based at Aberdeen's Edinburgh offices Preston joins the Sydney team as a senior investment manager.

Preston previously managed equity portfolios in the UK, US and Japanese markets, and global portfolios primarily for North American clients.

He joined Aberdeen in 1985 from the Australian Department of Foreign Affairs.

 
 

"Andrew's move will strengthen further Aberdeen's equity team in Sydney at a time when the group's presence in the local marketplace has been enhanced with the acquisition of Deutsche Asset Management's domestic equity and fixed income businesses," Aberdeen Asset Management head of equities Hugh Young said.