Aberdeen’s acquisitions head departs

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Aberdeen Asset Management’s head of acquisitions, and one of its earliest employees, is to leave the firm at the end of the month.

Hugh Little will retire after 28 years at the firm, having been the ninth employee hired by co-founder and chief executive Martin Gilbert.

Little also took the helm of Aberdeen’s aggressive acquisitions policy in recent years and was behind its takeover of Scottish Widows Investment Partnership.

Little was also behind the deal to buy Royal Bank of Scotland’s alternatives fund management business and the acquisition of some of Credit Suisse’s asset management business.

David Boyle, an existing Aberdeen employee on the alternatives team, will replace Little.

Gilbert says: “Hugh has played a significant role in Aberdeen’s growth and success. Without his management skills, commitment and focus, many of the acquisitions which have helped us to grow would not have happened and Aberdeen would not be the financially strong diversified, global asset management company we are today.”

Little says he plans to spend more time on the golf course and in non-executive roles.