PREPARING
ABERDEEN STANDARD
INVESTMENTS FOR
A NEW MARKET
STRUCTURE POST
MIFID II
Derek McCole
Global Co-Head of Investment Execution, Aberdeen Standard Investments
K&KGC caught up with Derek McCole, to get his perspectives, after he spent just over a year in his new
global co-head trader role in Edinburgh transitioning from Singapore as the previous “Head of Equity
Dealing ‐ Asia Pacific” at Aberdeen Standard Investments. As expected, Derek gave us interesting
insights into the transition of roles between the vastly different regions and a clear perspective of the
challenges ahead.
The new global role
W
e have a multi-asset desk
in Asia, with multi-asset
experience. Having been
away from the UK for 5
years there was certainly a need to
get back up to speed with the UK and
the European capital markets which
have changed drastically with the
Winter 2017
regulatory changes from 2011-2016.
In a global role, you need to streamline
processes and procedures and
encourage consistency across the
globe as much as possible. Inevitably
there are some regions where
this is not possible, where local
jurisdictions and regulations dictate
www.buysideintel.com
that you have to do some things in
a certain way. For example, we have
to have locally based traders on the
ground in Jakarta and Taiwan due
to regulatory requirements. These
types of local nuances mean that you
cannot centralise everything as local
regulation takes priority.
13