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.

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