Aberdeen opens in Zurich
27 June 2008

Written by Sophie Baker

Aberdeen Asset Managers (Aberdeen) has opened new offices in Zurich, allowing enhanced levels of business in Switzerland, where the group has already been present for ten years.

Aberdeen employs over 1,800 staff world-wide in 20 countries, and has investment centres in three time zones through London, Philadelphia and Singapore. At 31 March 2008, total group assets under management and advice were CHF 210bn across equities, fixed income and property.

The group’s investment style is predominantly that of fundamental long-only active investment managers, with an emphasis on in-house research. Nicholas Shaw, senior business development manager, has relocated from London to Zurich to continue his coverage of Swiss financial institutions, and Gudrun Nagel, also senior business development manager, will look to further develop the group’s ties with Swiss pension funds and consultants.

Some of the funds available are the Aberdeen Global-Emerging Markets Fund, the Aberdeen Global-European Equity Fund, and the Aberdeen Global-European World Equity Fund.

Martin Gilbert, chief executive of Aberdeen, commented: “Switzerland is the home of private banking and to some of the most sophisticated institutional investors in the world and is therefore a key market for Aberdeen. The establishment of a local office was the natural next step for us. With Gudrun and Nick based in Zurich we hope to strengthen existing relationships further and deepen our client base.”