Two years after joining Aberdeen Asset Management
as the top executive of its US mutual fund business, Vincent Esposito
has left the firm, The MFWire
Esposito is set to join NPI Capital
, which focuses on acquisitions of small investment management firms, in September.
He left Aberdeen on June 30.
"His role was absorbed internally," Aberdeen
spokeswoman Katie Cowley told The MFWire
His responsibilities at Aberdeen have been assumed by
, president of Aberdeen Funds (the open-end
fund business), Christian Pittard
, president of Aberdeen's closed-end funds and Nigel Storer
, head of the financial institutions group - North America.
"Aberdeen is a very dynamic company, and it has excellent leadership," Esposito told The MFWire
when reached for comment Friday afternoon.
"Ultimately, it's going to be one of the long-term global survivors in the money management business," he said.
He joined Aberdeen in August 2007 and led the purchase of Nationwide's active equity investment management business. That deal closed July 1 of last year.
Before joining Aberdeen, Esposito was president of DWS Scudder Mutual Funds
and previously spent a decade at Putnam Investments
. Earlier, in his career, he worked at Dean Witter
Aberdeen reportedly was one of the bidders for Lincoln Financial's Delaware Investments. Aberdeen Asset Management CEO Martin Gilbert, however, was quoted as saying on Monday that Aberdeen was "definitely not pursuing" a deal to buy Delaware.
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