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.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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