Campbell Fleming was named global head of distribution at Aberdeen Asset Management, a spokesman said.
Mr. Fleming will replace John Brett, who stepped down in November for a lifestyle change and to pursue a different career path, the spokesman said.
He added that Mr. Fleming does not yet have a start date. He will be responsible for 450 personnel across business development, product specialists, marketing and client service. Mr. Fleming will also work closely with senior management of the money manager’s investment capabilities.
He will report to Martin Gilbert, CEO, and will also join the group management board.
“After an in-depth worldwide search process, (Mr. Fleming) was identified as the outstanding candidate given his expertise and experience across client channels globally, including North America, which is a key focus for us,” Mr. Gilbert said in a news release.
Aberdeen has £290.5 billion ($412.7 billion) in assets under management.
Mr. Fleming is currently CEO, Europe, the Middle East and Africa, and global chief operating officer at Columbia Threadneedle Investments. A spokeswoman for the firm said Columbia Threadneedle has started the process to find a replacement. “We have a strong and experienced regional leadership team in place that works closely with Ted Truscott, our global CEO,” she said in an e-mail.
In a separate news release, Mr. Truscott said: “(Mr. Fleming) made many contributions during his six years with the organization, including expanding our distribution capability and further strengthening our position in the marketplace. As a member of the leadership team, he helped to establish our global business. Throughout his time here, (he) has been an advocate for our active management approach and investment track record, as well as our client-focused culture.”
