Wednesday, June 12, 2024
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Stephen Bird to exit Abrdn after four years as group CEO

  • Company: Abrdn, UK asset management firm.
  • CEO Departure: Stephen Bird is stepping down as group CEO after four years.
  • Announcement: Made following strategic repositioning of the company.
  • Interim CEO: Jason Windsor, group CFO since October last year, will step in as interim group CEO.
  • Transition Period:
    • Bird will work with Windsor until 30 June for a smooth handover.
    • Bird on garden leave from 1 July.
    • Official end of employment on 31 December.
  • Tenure Highlights:
    • Led the company through challenging industry times.
    • Implemented a “transformation programme” to streamline operations and reduce costs in January 2024.
    • Successfully led the £1.49 billion takeover of Interactive Investor in December 2021.
  • Bird’s Statement: Expressed privilege in leading the firm, highlighting achievements in revenue diversification, strong capital position, and refreshed leadership team ready to realize Abrdn’s potential.

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