Aberdeen makes loans market push with new hire

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Aberdeen Asset Management has appointed Paul Mehta as global head of loans in a push to expand its loans investment capability.

Mehta joins from BNP Paribas where he was a senior trade in the loan and distressed debt team.

Part of Mehta’s role will involve investing in a wider market beyond the US, including Europe and emerging markets. Aberdeen currently invests in the loans market through its Global High Income fund.

He will report into global head of high yield Steve Logan, who says the appointment reflects the increasing appetite from clients to invest in loans.

“To this end we are working to provide more tailored solutions that suit our clients’ requirements, which means including an emerging market element,” Logan says.