Jonathan Polin, the former managing director of Aberdeen Asset Management, has rejoined the group less than 18 months after he left to join HSBC Asset Management.
Polin quit AAM in late 2002 after seven years to head HSBC's intermediary business, where he won plaudits for stabilising the company following a series of major manager departures.
But he left the bank suddenly in February after HSBC decided to merge its business development teams and hand Polin's responsibilities to institutional head Geoff Cheetham.
Polin, who started work at AAM last week, is set to head a number of special projects for the group, which sold much of its retail range to New Star last year. The projects are under wraps but Polin expects to complete them within three months and move on to another role.
Despite the criticism that has been levelled at AAM, Polin, a former tank commander, has remained a staunch defender of the firm. At HSBC, he argued that AAM's management had simply fallen foul of plunging stockmarkets and had not acted in bad faith.
He says: “I have a very high regard for AAM's management and I am looking forward to working with them and taking on the challenges ahead. I will be working on a number of strategic projects but I cannot talk about them just yet.”
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