Abrdn discretionary management boss Richard Charnock has decided to hang up his hat from the investment industry.
Charnock (pictured) notified clients and advisers in an email he would be stepping down from his role in April, passing the baton to David Driver.
Abrdn Capital, formerly Standard Life Wealth, was set up by Charnock 15 years ago. Prior to joining the firm, he was CEO of Williams de Broe and Lloyds private banking division.
“I have been very privileged to lead the discretionary business since inception in 2007 and I remain proud of the team and of all they have achieved on behalf of our clients,” Charnock wrote.
“However I have decided to retire from Abrdn in April this year – I will be leaving the business in very good hands with minimal changes which, of course, means that your primary contact will remain the same.”
Driver will succeed Charnock following a handover period. He has been a director of Abrdn’s discretionary business for 12 years and has two decades’ experience in leadership roles in the private client space.
Commenting on Charnock’s departure, an Abrdn spokesperson said: “Richard has been with the firm for many years, building up an extremely successful and well-respected discretionary business. He is known and admired across Abrdn and the wider industry, and we wish him well in his retirement.”
