abrdn has offered 27 members of its multi-asset investing team voluntary redundancy as part of a “redesign” of its investment process.
A spokesperson confirmed the number to Investment Week and explained the job cuts were a "direct result of collaboration and engagement". abrdn's £6bn discretionary fund management arm to be sold to LGT The move comes following the departure of Aymeric Forest, chief investment officer for multi-asset solutions, who left the firm in February 2023. These departures comprise part of global head of alternatives Russell Barlow's "redesign [of] the end-to-end investment process", which has a "core focus on simplification and the establishment of a solid foundation". A spokesperson sai...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
