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Martin Gilbert, Aberdeen's chief executive, said: "The cyclical correction in Asian and emerging markets and resulting negative investor sentiment has, as expected, led to further flows from our equities business.
David was also chair of the Americas Diversity Committee.David was deeply involved in the restructuring of our equities business in 2003 and 2004, which laid the groundwork for its sustained outperformance in recent years.
He joined our company more than 34 years ago, and during this time he served in many critical management roles, including head of our Investment Bank, Asset Management group, Private Bank, and as one of the founders of our equities business.
Our main focus has been on building out our equities and advisory businesses in Europe and Asia with discipline and with the best people.
Our equities business is now leaner and more electronic and thus handles considerably more business more efficiently, than it did at the time of the SLK acquisition.
Similar(55)
He took our equity".
"Our equity in the future is really just our brand.
"We got our equity by just letting them steal our technology," he said.
Then we watched helplessly as our house lost value and our equity vanished.
"That's an important point for us to think about, as we manage our equity risk".
However, he added, "we have not seen any drastic movement out of our equity funds".
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