Aberdeen appoints Pia Michelsson Head of Business Development, Finland

26 May 2010

Aberdeen has appointed Pia Michelsson Head of Business Development, Finland to further strengthen its business in the country.

Pia has more than 25 years of experience of working in asset management and especially with institutional clients in Finland. In the banking industry, she previously worked as a Deputy CEO of Kaupthing Finnish Branch, after heading the asset management team. Prior that she worked 15 years with Credit Agricole Indosuez as head of institutional business development in Finland.

This reinforcement of the Nordic team coincides with Aberdeen celebrating its 10 year anniversary in Finland and bringing its property business closer to other asset classes in terms of structure and process. To clients and contacts in the market, the most visible sign of this integration will be the more consistent use of Aberdeen Asset Management as the lead brand across the Aberdeen organisation but it will also result in a more harmonised business model towards clients. Today Aberdeen manages around €1.7 billion on behalf of Finnish clients.

Kristina Najjar, Head of Business Development, Nordic region at Aberdeen, commented:

“We are very pleased to have Pia join Aberdeen as we reinforce our commitment to the Nordic markets. With Pia’s background and extensive experience we strengthen our business development efforts across all our key asset classes - equities, fixed income and property in Finland.”

For further information:

Kristina Najjar, Head of Business Development, Nordic region. Tel: +46 8412 80 69

Pia Michelsson, Head of Business Development, Finland. Tel: +358-40-5593048

Charlotte Walsh/Rowan Brown. Maitland. Tel. +44 20 7379 5151