Aberdeen Asset Management head of Americas Gary Marshall is returning to the UK after four years.

Aberdeen Asset Management has appointed a new head of Americas to replace Gary Marshall, who is returning to the UK after four years.

The firm said that Marshall will continue to play a key role in the development of the business of the group and that he will be replaced by David Steyn.

Marshall has been with Aberdeen since 1997 and is a member of Aberdeen's group management board. He was appointed head of Americas in January 2010 and is also chief executive of Aberdeen Asset Management in the US and president of Aberdeen's US mutual fund range, Aberdeen Funds.

He began his career in 1983, working in marketing and product development at Scottish Provident. After becoming development director there, he joined Aberdeen via the acquisition of Prolific Financial Management in 1997.

Steyn has more than 30 years of experience in the investment industry. He joined AllianceBernstein Holding in 1999 and served as its chief operating officer from 2009 to 2012. He has previously run both fixed income and equity investment teams in the UK and the US with firms such as Quaestor, Lazard and Montagu.