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

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

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Dynasty's Penney: Top RIA trends for 2018

What's next for RIAs? Dynasty's Shirl Penney talks about the growing numbers of entrepreneurial advisers. Plus, what inspired his own entrepreneurship.

Latest news & opinion

Nontraded BDC sales in worst year since 2010

The illiquid product's three-year decline is partially due to new regulations and poor performance.

Tax reform debate sparks fresh interest in donor-advised funds

Schwab reports new accounts up 50% from last year, assets up 33%.

Nontraded REITs to post worst sales since 2002

The industry is on track to raise just $4.4 billion, well off the $19.6 billion it raised just four years ago, as new regulations hinder sales.

Broker protocol for recruiting a boon for clients

New research finds advisers whose firms have joined the agreement take better care of customers.

Meet our 2017 Women to Watch

Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print