Abrdn
(ABDN)
was
commencing
the
search
for
a
new
chief
executive
on
Friday
after
incumbent
Stephen
Bird
revealed
he
would
be
leaving
the
business
at
the
end
of
June.
“Following
the
significant
strategic
repositioning
of
the
company,
the
board
and
group
have
together
agreed
that
it
is
the
right
time
for
Stephen
to
hand
over
the
reins
to
the
team
he
has
assembled
over
the
last
four
years
to
drive
the
business
forward,”
the
company
said
in
a
statement.
The
Edinburgh-based
investment
company
said
group
chief
financial
officer
Jason
Windsor
had
been
appointed
interim
group
chief
executive
while
a
formal
search
process
is
completed.
This
will
include
consideration
of
external
candidates,
Abrdn
said.
Bird
will
work
alongside
Windsor
until
his
departure
at
the
end
of
June,
the
fourth
anniversary
of
his
appointment.
Under
Bird’s
tenure,
Abrdn
bought
wealth
platform
business
Interactive
Investor
in
2021,
sold
its
private
equity
arm,
and
shed
its
50%
stake
in
a
joint
venture
with
Virgin
Money
UK
(VMUK).
abrdn
Chair
Douglas
Flint
said
Bird
had
“spearheaded
a
fundamental
reshaping
of
the
company,
leading
from
the
front
to
create
a
company
that
can
be
competitive
in
a
fast-evolving
sector.”
Shares
in
abrdn
fell
0.4%
to
155.40
pence
in
London
on
Friday
morning.
By
Jeremy
Cutler,
Alliance
News
reporter
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