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Aberdeen creates new role for star US manager

Aberdeen Asset Management has appointed star US fund manager Katherine Garrett-Cox as chief investment officer.

The newly created position, which was previously incorporated into chief executive Martin Gilbert&#39s role, follows a rapid expansion within the company, including most recently its takeover of Murray Johnstone.

Garrett-Cox will surrender her role as head of US equities to Rupert Della-Porter, who joined Aberdeen with Garrett-Cox from Hill Samuel Asset Management last September.

But Garrett-Cox will continue to play a lead role in the management of Aber-deen&#39s US funds.

Gilbert says: “Katherine Garrett-Cox&#39s reputation precedes her and the impact that she has already made at Aberdeen is remarkable. In Katherine, we have found a chief investment officer with the investment experience, comm- unication skills and leadership to drive the firm&#39s investment engine forward to meet and exceed our clients&#39 expectations.”

Garrett-Cox says: “In my view, the role of CIO is evolving rapidly from the traditional angle of being a central controller to being an overseer, a developer and a sounding board. The depth and spread of expertise at Aberdeen presents fascinating challenges.”

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