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Asset Management

Abrdn CEO: ‘I took over a business that had been in decline’

The Edinburgh-headquartered fund house now has a 'more relevant' product set, according to its boss

Former Citigroup executive Stephen Bird says he has stabilised outflows at the asset management giant
Former Citigroup executive Stephen Bird says he has stabilised outflows at the asset management giant

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Abrdn posted a pre-tax loss of more than £600m for 2022, following a slump in assets and significant outflows in a year chief executive Stephen Bird called “one of the toughest investing years in living memory”.

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