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Aberdeen Latin American Income Fund Ltd.

Aberdeen Latin American Income Fund Ltd.

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: Jersey


: | London Stock Exchange: ALAI


Objective of Aberdeen Latin American Income Fund: The investment objective of the Company is to provide Ordinary shareholders with a total return, with an above average yield, primarily through investing in Latin America.

About Aberdeen Asset Management Plc: Aberdeen Asset Management Plc is a global investment management group that manages assets for both institutional and retail clients from offices around the world. The company operates independently and only manages assets for third parties, allowing it to focus solely on their needs without conflicts of interest. Its clients access investment expertise across the three asset classes including equities, fixed income and property. The company was founded on July 1, 1983 and is headquartered in Aberdeen, UK.

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Executives

Richard Prosser, Chairman
Richard is a chartered accountant, a partner of the Appleby Group and a director of its wholly owned trust company, Appleby Trust (Jersey) Limited, a corporate and fiduciary administrator authorised to conduct trust company business in Jersey. Mr Prosser is a director of a number of companies quoted in London and elsewhere, including property companies, hedge funds and investment management companies. He is chairman of Threadneedle Investments (C.I.) Limited (the manager of the Threadneedle Property Unit Trust) and director of Threadneedle European Property Fund. He is also Chairman of FTSEhx, a Dublin listed hedge fund. In addition, he chairs the Investment Policy Committee of Appleby Trust, which monitors and evaluates the performance of the asset managers throughout the group.
Martin Adams, Non-Executive Director
Martin is an independent specialist in the management and restructuring of funds and private investments principally in emerging markets. He has over 25 years’ investment and banking experience in Asia and Europe. Mr Adams is chairman of Kubera Cross-Border Fund Limited and Trikona Trinity Capital Plc, managing director of the Vietnam Fund Management Company group and a non-executive director of ARC Capital Holdings Limited, Metage Funds Limited, Metage Special Emerging Markets Fund Limited and Terra Catalyst Fund. Prior to establishing Vietnam Fund Management Company Limited in 1991, Mr Adams worked for the Lloyds Bank group for 10 years. He resides in Portugal.
Jeremy Arnold, Non-Executive Director
Jeremy retired in 1994 at age 56 and has since lived full-time in Jersey. His career began in 1957 as an articled clerk with an old firm of Chartered Accountants in the City, which was taken over by Touche, Ross shortly before he qualified in 1962. Mr Arnold worked for Touche, Ross in Sydney and San Francisco before joining Andersen in London in 1966. He opened the firm’s Birmingham office in 1971. He became a partner in 1974 and transferred to the Toronto office in 1976 where he ran the audit practice for 13 years. In 1989, he moved back to Europe to work in the Brussels office until his retirement in 1994. During his time in Belgium, he was the liaison partner for training in Europe, Middle East, India, and Africa. Mr Arnold’s clients have been in a wide variety of industries such as insurance broking, manufacturing, consumer products, film and music production, advertising and retailing. Mr Arnold has a number of directorships as well as being a non-executive adviser to a Channel Islands law firm.
George Baird, Non-Executive Director
George is a resident of Jersey. He graduated from Dundee University in 1971 with a Law Degree and joined Arthur Young McLelland Moores & Co qualifying as a Chartered Accountant in 1975. After working in Local Government in Scotland he moved to Jersey in 1980 and was appointed Treasurer of the States of Jersey in 1991. Prior to his retirement in 2002 he was group finance director of Mourant du Feu and Jeune. He has several non-executive directorships in the Channel Islands, including chairmanship of Invesco Leveraged High Yield Fund Ltd and Satus European Debt Strategies Ltd.
Martin Gilbert, Non-Executive Director
Martin Gilbert is a founder shareholder and Chief Executive of Aberdeen Asset Management PLC, the holding company of the fund management group that was established in 1983.

Martin is a director of a number of investment trusts, Chairman of FirstGroup PLC and a non-executive director of British Sky Broadcasting Group PLC. He is Adjunct Professor of Finance at Imperial College Business School and a member of the Scottish Government's Financial Services Advisory Board, the EFAMA President's Advisory Council and the Institute of Chartered Accountants of Scotland. In December 2008, Martin was named European Personality of the Year at the Funds Europe Awards. In 2009, he was named Ernst & Young Overall Scotland Entrepreneur Of The Year. In 2011, he was named Scotland PLC CEO of the Year at the Business Insider/PWC Scotland PLC Awards.

Martin was educated in Aberdeen and has an MA in Accountancy and an LLB. He divides his time between Aberdeen, where the business has always been headquartered, and London, as well as overseeing the international operations of the Group.

He is married with three children and is a keen golfer and sailor.

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