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Aberdeen Asset Management Appoints New Fund Head In France, Adds Three Lux Funds

Devina Shah London 24 January 2011

Aberdeen Asset Management Appoints New Fund Head In France, Adds Three Lux Funds

Aberdeen Asset Management has appointed Alban Arribas as its head of fund management in France, and has added three funds to its Luxembourg range, strengthening its European activities.

Arribas was latterly head of unlisted investments at Acofi, where he spent ten years. In his new role, Arribas will be responsible for French property fund structuring. He will also develop OPCI products for French and foreign institutional investors.

Meanwhile, the firm has launched three new funds in Luxembourg, one to focus on emerging markets corporate bonds, a second for ethical world equity and a third to invest in smaller US companies.

The three funds, part of the group's Luxembourg-domiciled Aberdeen Global SICAV, will be actively marketed across Europe and parts of Asia, said the firm in a statement.

Aberdeen Asset Management manages assets totalling £183.3 billion ($287.0 billion), as at 31 December 2010.

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