Aberdeen Asset Management has appointed David Steyn as head of Americas effective January 2014, replacing Gary Marshall, who will return to the UK after four years.

In his new role, Steyn will lead the business on to the next level, while Marshall will continue to play a key role in the development of the business of the group in UK.

Prior to joining, Steyn with over 30 years of experience in the investment industry in the UK and the US, has most recently served as global head of distribution at AllianceBernstein Holding. He has also worked in fixed income and equity investment teams in the UK and the UK with firms such as Quaestor, Lazard and Montagu.

Martin Gilbert, CEO of Aberdeen, said: "I am pleased that we have found a successor of David’s caliber to ensure that we continue to meet the needs of our existing clients, which will allow us to develop further in this strategically important market."

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