A global manager has appointed a new head for Australian equities as the incumbent moves to a different role.
Michelle Lopez is taking over as Aberdeen Standard Investments' head of Australian equities after 15 years with the team.
She moves into the role as Robert Penaloza leaves to start as Aberdeen Standard's head of Thailand.
Lopez was previously the deputy head of the team. She joined ASI as an analyst in 2004 from Willis Towers Watson. She was promoted to investment manager, then investment director and finally deputy head of the team.
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In her new role she will report to Aberdeen Standard's head of Asia Pacific equities Flavia Cheong.
Aberdeen Standard Investments Australia managing director Brett Jollie said there will be no change in the investment process or the current team structure under the new leadership.
"Michelle Lopez's promotion from deputy head to head of Australian equities is an endorsement of her strong leadership capabilities and investment experience, which has included more than 15 years in the ASI Australian equities team," Jollie said.
"Michelle has played a pivotal role in managing and driving the success of the team and is a natural and well-respected successor. This promotion is reflective of her commitment, knowledge and proven ability."
Aberdeen Standard recently hired a former Ernst and Young wealth partner as head of retirement.