Aberdeen appoints head of Luxembourg
Aberdeen Asset Management has appointed Steen Foldberg as head of Luxembourg and managing director of Aberdeen Global Services, the company’s principal cross-border management company.
He will report to Gary Marshall, head of Product at Aberdeen.
Aberdeen has been present in Luxembourg since 2006 and manages over 90 funds with assets under management of around €57bn.
Foldberg joins from Julius Baer where he served as managing director.
Gary Marshall said that Luxembourg is a key location for Aberdeen given the number of cross-border funds domiciled or managed by the firm from the country.
“The appointment of someone of the calibre and experience of Steen emphasises our commitment to investing in and building our Luxembourg business. It will be a crucial office – at the heart of Europe – within the combined Aberdeen and Standard Life business,” he added.