Aberdeen AM eyes Korea expansion

UK fund house Aberdeen Asset Management announced a new hire in South Korea yesterday as part of a drive to expand activities under its representative licence. The firm revealed it had hired Kim Dong-ki in a new role as senior manager, reporting to its chief country representative Alex Kim. In a note, Aberdeen AM said that at present its Korea office was acting as a liaison and contact point for domestic institutions. It added it was now seeking to expand its activities under it…