Aberdeen Asset Management has opened a new office in Madrid and appointed Álvaro Antón Luna and Ana Guzmán Quintana as senior business development managers, in a bid to grow its Spanish investor base.

This new office opening consolidates the work of Aberdeen in recent years to enhance investment capabilities in Spain which has led to the management of a significant amount of assets on behalf of major financial institutions in the country.

The new office in Spain strengthens the capacity of the team to provide services to existing and future customers.

Senior business development manager Luna returns to Aberdeen from Aon Accuracy, while Quintana has joined the firm from Dekabank.

Martin Gilbert, CEO, Aberdeen said: "Spain has still an important market for Aberdeen AM for many years and the opening of a local office is for us the next natural step. With the presence of Anton and Guzman in our new office we hope to strengthen existing relationships and increase our customer base."

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