abrdn CEO blocked from selling investment management business by board

Eve Maddock-Jones
clock • 1 min read

abrdn's board reportedly voted against a proposal from its chief executive Stephen Bird to sell the investment management business last year. According to a report by Financial News, Bird sought to offload the £368bn investment arm of the company following its takeover of online investment platform ii, expressing "a personal preference" for such a transaction. abrdn completes sale of $4bn US private equity and venture capital business to alternatives boutique He presented the board with the strategic options for the firm in June, but the committee voted against the proposal and opt...

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Eve Maddock-Jones
Author spotlight

Eve Maddock-Jones

Features Editor at Investment Week