Aberdeen's head of the Americas resigns

Exec leaving for 'family reasons' but will continue to advise the money manager

May 9, 2014 @ 10:28 am

By Christine Williamson

aberdeen, money manager, u.s., uk, scotland, resignation
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David Steyn resigned as head of the Americas at Aberdeen Asset Management on Thursday, spokeswoman Katie Cowley wrote in an e-mail.

Mr. Steyn is leaving the firm for “family-related reasons,” Ms. Cowley said. He will “continue to advise Aberdeen on its U.S. strategy,” she added.

Mr. Steyn joined Aberdeen in its Philadelphia office in mid-December. In January, he replaced Gary Marshall as head of the firm's North American operations.

Mr. Marshall, who had been helping Mr. Steyn with the transition, will run the firm's U.S. operations until he returns to the U.K. in June to work within the business development group from the firm's headquarters in Aberdeen, Scotland.

(See also: Advisers betting heavily on Europe's growth)

Mr. Steyn was chief operating officer at AllianceBernstein Holding prior to joining Aberdeen Asset Management. He could not be reached for comment about his plans.

Christine Williamson is a reporter with sister publication Pensions & Investments

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