Edinburgh investment giant Aberdeen announced that Flavia Cheong intends to retire from her position as Head of Equities, Asia Pacific, at Aberdeen Investments, after 30 years in the asset management industry.

Cheong joined Aberdeen in 1997.

The Abrdn Asia Focus plc fund said: “The Directors wish to express their thanks for all that Flavia has done for the Company over many years and wish her well for her retirement.

“Gabriel Sacks continues as lead manager on the Company’s investment portfolio, ably supported by Xin-Yao Ng.

“Both are backed by the wider Aberdeen Asia Pacific equity team of analysts and investment managers based in the region.

“The Manager’s strength and experience in the wider region has underpinned the performance delivered to shareholders since launch with the Company being the best performing Asia investment trust amongst the AIC’s ‘ISA millionaires’.

“Under the Aberdeen team’s portfolio management, the Company has delivered sustained returns for shareholders, providing a net asset value total return of 2,716% since launch in 19952.

“Abrdn Asia Focus offers a unique portfolio of high-quality, fast-growing, businesses that are not represented in mainstream funds with uncorrelated returns and good diversification.”

Abrdn Asia Focus chair Krishna Shanmuganathan said: “I would like to thank Flavia for all her support for the Company over many years, particularly in building such a deep pool of talent in Asia with our Manager now employing 40 investment professionals across 6 countries in the region – the success of which is amply demonstrated by the performance of the Company.

“We all wish her well for her very well-deserved retirement.

“In the hands of Gabriel and Xin-Yao, the Board believes that the Company is well placed to continue to deliver such long-term value for its shareholders.”