She succeeds Marianne Zangerl, who has been promoted to lead Multi Asset and Alternative Investment Solutions (MAAIS) within Aberdeen.

Ms Morrison brings over 21 years of experience in private credit and structured finance. She will oversee Fund Finance, Commercial Real Estate Lending, Infrastructure Debt, Private Corporate Debt and Emerging Market private credit. The twenty-strong team of professionals have originated over 300 transactions and deployed approximately £15 billion of capital since inception.

Leading Aberdeen’s Fund Finance strategy since 2019, Ms Morrison has overseen a period of significant growth. Under her leadership, the strategy has deployed more than £4bn, expanded its institutional client base and launched new investment vehicles, including the evergreen Global Fund Finance Fund, which has raised more than €340 million to date.

Jonathan Mondillo, global head of fixed income at Aberdeen Investments, said: “Shelley is an important ambassador for the asset class, and under her leadership our fund finance strategy has become a core pillar of Aberdeen’s private credit offering, recognised for its disciplined, asset-backed approach and strong client demand.

“With a proven ability to build and scale investment strategies, deepen institutional relationships, drive product innovation and manage money, her expanded role plays to all her strengths.

“I would also like to thank Marianne, who has been a superb leader, fund manager and talent manager for our Private Credit platform, and we look forward to continued collaboration in her new role.”

Ms Morrison added: “Investor demand for our suite of specialist, asset-backed credit strategies continues to grow, making this an exciting time to take on the leadership of our Private Credit business, having worked closely with the team for many years.

“The breadth of our capabilities - from originating opportunities across Europe and the US to expanding access to emerging market private credit - positions us well to deliver for clients. I look forward to working with our talented team as we continue to add value for clients.”