Aberdeen Asset Management has appointed David Steyn as head of Americas, effective January.

Aberdeen Asset Management has
appointed David Steyn as head of Americas, effective January.

Steyn replaces Gary Marshall, who
will return to the UK after
four years of running and developing Aberdeen's
business in the Americas.

Aberdeen said that details of Marshall's new position will be revealed at a later date.

Steyn has more than 30 years of
experience in the investment industry, based in both the UK and US.

He joined AllianceBernstein
Holding in 1999 and served as its chief operating officer from 2009 to 2012.
 

He has previously run both fixed
income and equity investment teams in the UK
and the US
with firms such as Quaestor, Lazard and Montagu. Before this, he was a fixed income
portfolio manager at Montagu.  

Marshall has been with the Aberdeen Group since 1997 and is a
member of Aberdeen's
group management board. He was appointed head of Americas
in January 2010 and is also chief executive of Aberdeen Asset Management Inc in
US and president of Aberdeen's US mutual fund range, Aberdeen
Funds.

He began his career in 1983,
working in marketing and product development at Scottish Provident. After
becoming development director there, he joined Aberdeen via the acquisition of Prolific
Financial Management in 1997.