U.K.-based Aberdeen Asset Management last month unveiled its new institutional business development and client servicing office in Luxembourg.
The branch will be headed by Nigel Storer, who has worked for Aberdeen since 1999 and has been based in the Grand Duchy since 2003, according to the firm. He is joined by Thomas Body, the firm’s institutional business development manager. Storer and Body will be supported by a team of three multi-lingual, institutional client-servicing professionals who will work as part of Aberdeen's wider institutional client administration team.
Aberdeen is an international investment management group managing some €107.9 billion ($ 143.9 billion) in assets as of the end of September 2006. Since 1991, Aberdeen has been listed on the London Stock Exchange and its principal areas of investments are equity, fixed income, private equity and property.