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Inside Schroders, Abrdn and LGIM’s CEO search: ‘It’s a Kodak moment for active managers’

Changes are coming to the boardrooms of some of the UK’s largest fund management groups, as firms begin the hunt for new CEOs

By David Ricketts
CEOs heading for the exit: Schroders’ Peter Harrison, LGIM’s Michelle Scrimgeour and Abrdn’s Stephen Bird
CEOs heading for the exit: Schroders’ Peter Harrison, LGIM’s Michelle Scrimgeour and Abrdn’s Stephen Bird

Some of the UK’s largest fund groups are seeking fresh blood during a crucial time for a sector that has struggled against slumping fees and profit in recent years.

Schroders, Abrdn and Legal & General Investment Management have all kicked off CEO searches since the start of 2024, creating a rush for senior talent that can steer the industry through a period of extreme change.

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GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade