Mr Innes joined the Australian fixed income team in 2011 and is reported to have more than 10 years’ industry experience.
Aberdeen Standard Investments (ASI) said his promotion signified stronger local leadership, while maintaining a robust regional investment management framework under Adam McCabe, head of fixed income, Asia and Australia.
Based in Sydney, he will lead the team managing fixed income portfolios with an active investment approach, while contributing local market insights to ASI’s global fixed income mandates.
Aberdeen’s global fixed income team collectively manages $243 billion for its clients.
Mr McCabe said in the current low-yield environment, the Australian bond market is offering a diversified source of returns and “relatively attractive yields from defensive, quality credits”.
“Our fixed income team has a track record of generating alpha across different market cycles, as evidenced by the growing interest from domestic and regional investors in our Australian bond strategies,” Mr McCabe said.
“Garreth’s appointment further reinforces our commitment to developing innovative fixed income solutions to meet our clients’ evolving long-term investment needs.”
Mr Innes has a background in macro credit strategy and global asset allocation, along with research experience across investment grade and high-yield corporates.
