Aberdeen Asset Management has promoted Simon Moscow to its property division’s head of asset management for the UK after current head Giles Easter left the firm.
Easter is leaving to “pursue interests elsewhere in the industry”. Stephen Walker will assume the deputy head of UK asset management role for the division.
Both Moscow and Walker have worked for Aberdeen since 2008. Moscow, who was previously head of retail asset management in the UK for the property division, will be in charge of the team’s asset allocation for the UK property business. As well as helping Moscow in his role, Walker will continue to lead Aberdeen’s Edinburgh team.
Aberdeen Asset Management head of asset management and transactions for property Tonny Nielsen says: “Our UK property business is one the largest in our peer group so it’s essential that we have the right people leading it. I am grateful to Giles for his work over the past few years and wish him well for the future.”
As of 31 March 2015, Aberdeen Asset Management had property funds under management of approximately £10.5bn in the UK.
Nielsen adds: “Simon and Stephen bring nearly 30 years of experience to their roles and I am confident they will continue to grow the business in the years to come. It is a mark of the firm’s ability to foster the best talent that we have been able to recruit these positions from within the business.”
Earlier this week it was announced that former Labour shadow pensions minister Gregg McClymont was joining Aberdeen Asset Management as head of retirement savings.