Aberdeen Asset Management’s Paul Griffiths, global co-head of fixed income, has decided to leave the UK-listed firm to “pursue an opportunity elsewhere in the industry,” it said.

Brad Crombie, who was appointed as global co-head of fixed income in October 2012, will now also assume Griffiths’s responsibilities, including those related to client relations and product development.

Aberdeen Asset Management also said yesterday in a trading update that assets under management at 28 February came to £212.3 billion (about $322 billion), up 10 per cent from the £193.4 billion recorded at end-December 2012.

Broken down, a hefty £123.6 billion of the AuM were in equities, followed by fixed income (£37.3 billion); Aberdeen solutions (£24.7 billion); property (£19.1 billion); and money market (£7.6 billion).

“Net inflows to our global emerging market equities products have again been extremely strong,” the firm said. “We have also seen strong net inflows to our Asian equities capabilities, including increased interest in our Japanese and Chinese equities funds, as well as continuing flows into our emerging market debt products.”

Meanwhile, gross new business flows for the two months to 28 February totalled £9.5 billion, bringing the total for the five months year-to-date to £20.3 billion (five months to 29 February 2012: £14.4 billion).