28 May 2024

CEO of UK asset management firm, Abrdn, steps down.

Written By FinTech Alliance in Asset Management

CEO of UK asset management firm, Abrdn, steps down.

Abrdn have today announced that group CEO, Stephen Bird, is stepping down.

  • Abrdn's group CEO, Stephen Bird, is stepping down after four years, following significant strategic repositioning.
  • Jason Windsor, who joined as group CFO in October, will serve as interim CEO while a permanent replacement is sought.
  • Bird will work alongside Windsor until June 30 for a smooth transition, then placed on garden leave until December 31, after leading key initiatives like a transformation program and the Interactive Investor takeover.

The decision follows significant strategic repositioning. Jason Windsor, who became group CFO in October, will serve as interim CEO while a permanent replacement is sought.  Bird led key initiatives, including a transformation program and the £1.49 billion takeover of Interactive Investor. He leaves Abrdn positioned with diversified revenues, strong capital, and a refreshed leadership team poised to realize its full potential.

Read more here

Up Next ...
05 November 2024

MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping

MeaWallet product updates support businesses facing mandatory regulatory requirements that state they must support Click to Pay

05 November 2024

Nium and HyperGuest Join Forces to Streamline Payments for the Travel and Hospitality Industry

This partnership will enhance payment efficiency and security for HyperGuest’s global network of travel and accommodation partners with Nium’s virtual card solution...

05 November 2024

Mastercard's 'Pay Local' Brings Global Payment Access to Digital Wallets

This initiative particularly benefits travelers, as it eliminates the need to preload prepaid accounts, making global payments more seamless

04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

More in Asset Management

Capdesk acquired by Carta

05 September 2022

Capdesk, a European equity management business, has been acquired by ...

Posted By The Community

Three ingredients for fixed income asset managers to be part of the digital transformation

09 August 2021

Intellibonds’ three ingredients for fixed income asset managers, featured in CFA Society

Written By: Intellibonds

Posted By The Community

The solution to pension funds’ cost/performance problem is empowerment through technology

09 August 2021

Deploying Fintech technology into critical investment and operational processes at both pension schemes and smaller asset managers.

Written By: Intellibonds

Posted By The Community

The appeal of private markets at a time of great economic uncertainty

07 April 2020

With significant sums wiped off the stock market in a matter of weeks, the COVID-19 outbreak has res...

Written By: Delio

Thought Leadership Asset Management

A new approach to disruption for asset and wealth managers

31 October 2019

As the asset and wealth management industry confronts the challenges posed by new technologies, from...

Thought Leadership Asset Management

Fintech regulation: Balancing risk and innovation

01 March 2019

A brief outline of current uncertainty regarding Fintech regulation how asset managers should r...

There are no Events in this category