Aberdeen Asset Management announced that, after four successful years of running and developing Aberdeen's business in the Americas, Gary Marshall will return to the United Kingdom, where he will continue to play a key role in the development of the business of the Group. David Steyn will join Aberdeen in January as Head of Americas to lead the business on to the next level.
David has more than 30 years of experience in the investment industry, based in both the UK and U.S. He served as Global Head of Distribution at AllianceBernstein Holding L.P., which he joined in 1999, from April 2007, and served as its Chief Operating Officer from July 31, 2009 to 2012. He ran both fixed income and equity investment teams in the UK and the U.S. with organizations like Quaestor (from 1989 to 1999), Lazard (from 1986 to 1989) and Montagu (from 1979 to 1986). He spent his formative years as a Fixed Income Portfolio Manager at Montagu. David is the author of "Market Neutral: Engineering Return and Risk," which was published in 1998 by the C.F.A. Institute and has been part of the C.F.A. syllabus ever since. He earned a law degree from the University of Aberdeen in 1979.
Over the next few months, Gary will transfer his current responsibilities to David to ensure a smooth transition.