The firm launched operations in the US in 1995, going on to establish US headquarters in Philadelphia 10 years later. It also has an on-the-ground business development presence in Chicago, IL, Miami, Fl, San Francisco, CA, Dallas, TX, Los Angeles, CA, and Toronto.

"The opening of the New York office is a natural next step for us as we look to expand our US footprint,” said Martin Gilbert, chief executive. “Aberdeen’s expertise in international equity, fixed income and property portfolios continues to attract interest from US investors as they look to diversify portfolios abroad, while some of our US domestic products, specifically fixed income, are also gaining traction.”

At present, the firm manages over £30 billion on behalf of clients in the Americas, invested in a range of domestic and international equity, fixed income and property portfolios. As at end-August, the group had £184 billion in assets under management.

The new office is located at 712 Fifth Avenue.