abrdn appoints Jason Windsor as group CEO
Has been interim group CEO since May 2024
Stephen Bird
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CEO Stephen Bird to leave Abrdn
Jason Windsor to step in as interim group CEO while the board conducts a search process to appoint a successor
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Abrdn AGM disrupted by climate change protesters
Demanding the asset manager end investment in fossil fuels
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Abrdn’s Bird: ‘More work to be done’ to improve investments division despite Q1 inflows
Firm as a whole recorded £800m net inflows in Q1
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Abrdn suffers 35% increase in outflows in full-year results
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
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Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
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Abrdn incorporates four closed-ended funds from First Trust
Funds will add £600m to Abrdn’s AUM
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Abrdn results: Share price tumbles 10% following 66% profit slump and 83% fall in flows
Investment arm profits have fallen by 66% year-on-year
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Abrdn in talks to sell private equity unit to Santander
Deal reported to be priced at around £250m
