Aberdeen Asset Management, a global asset management company with USD45 billion in assets, is looking to expand its derivatives use in Singapore in the upcoming months. The firm is currently building a fixed income team and as a result, will look into using a wider variety of derivative products, such as interest-rate and currency derivatives. James Blair, head of the new fixed income department, said the firm is open to interesting ideas for using derivatives. Blair recently transferred from the firm's Sydney office.
Aberdeen has used fixed income swaps and foreign exchange derivatives but will look into using more "interesting" products for its clients in the near future. He declined to detail specific products it is considering, but noted that it plans to use derivatives primarily for positioning, for example getting synthetic exposure to the cash markets.
