Aberdeen had embraced “quite a bit” of the process that Credit Suisse brings with its products, particularly its inflation-protection products.

“We now have a much wider product offering from the very conservative end – sovereign, inflation-protected products – up to the specialist credit products that Aberdeen have managed in the past,” he said.

A Credit Suisse spokesperson said the firm was maintaining a management presence in

Australia with the asset management business and would be concentrating on the alternative investment and multi-asset class solutions businesses.

“Those are areas we’re planning to expand upon, and that’s evident also in the recent appointment of Filo Sedillo [managing director of Australia and

New Zealand] to
the business,” she said.