Abrdn

abrdn and the University of Edinburgh have announced a pioneering project out of their partnership Centre for Investing Innovation that will seek to harness generative artificial intelligence (AI) to support the firm’s investment research process. Bringing together expertise from the investmen

Amid a looming retirement crisis and cost of living pressures, 64% of UK adults are being held back from investing in the next six months due to low risk tolerance, lack of confidence in the UK stock market and low engagement with investment products, according to abrdn. The findings come from the g

Scottish charity WorkingRite has partnering with abrdn to expand its impactful in-school employability programme 'Rite to Work' (RtW). The new partnership was launched as part of the abrdn Charitable Foundation's global powerful partnerships and aligns with their focus on investing in tomorrow&rsquo

abrdn plc has announced that CEO Stephen Bird is stepping down after four years of leading the asset and wealth management company. He will be succeeded by Jason Windsor, currently group chief financial officer, on an interim basis while a formal search for a permanent replacement is conducted.

In a deal worth up to £100 million, abrdn has completed the sale of its £7.4 billionn AUM European-headquartered Private Equity business to Nasdaq-listed Patria Investments. The sale follows a strategic review of abrdn's alternatives business, within which it concluded that the capital g

Investment manager abrdn has again defended its rebrand, after the company's chief investment officer (CIO) claimed the ongoing mockery amounted to "corporate bullying". In an interview with Financial News, CIO Peter Branner said the media was engaging in a "childish" game by persistently poking fun

In a move that could spark a potential investor backlash, adviser Glass Lewis has urged Abrdn's shareholders to vote against the asset manager's pay report, with the main focus being the salary of the incoming chief financial officer, Jason Windsor. Glass Lewis pointed out that Mr Windsor's base sal

The board of Murray International Trust has announced its annual results for the fiscal year ending 31 December 2023. The company's net asset value (NAV) demonstrated a total return of +8.6%, surpassing the UK Retail Prices inflation rate of +5.2%. This marked a return to genuine growth over the rep

Abrdn's chief executive, Stephen Bird, has revealed that the asset management group has a 50/50 chance of reversing years of customer outflows and achieving net positive inflows this year. Despite initial optimism with a 7% surge in shares following better-than-expected adjusted operating profits, y

Clydesdale Bank-owner Virgin Money is set to acquire Abrdn's 50% stake in their joint investment platform for £20 million, less than a year since its launch.

Lismore Real Estate Advisors has facilitated the £13.965 million sale of South Gyle Trade Park in Edinburgh on behalf of abrdn, with Rossco Properties (Edinburgh) Ltd emerging as the acquirer. Set on a site of 12.31 acres, within Edinburgh’s premier industrial location, the multi-let est

Investment giant abrdn is to close its historic Aberdeen office as all employees are asked to work from home permanently. Staff were told this morning that there would be no further job losses in the wake of the decision.

Edinburgh-based investment giant abrdn has announced a cost cutting programme targeting an annualised cost reduction of at least £150m by the end of 2025. The firm has said it plans to cut 500 roles within its business. This move aims to restore the firm's core investments business to an accep

CEOs at FTSE 350 companies was 57 times higher than average employees in 2022, according to new analysis from the High Pay Centre.

Abrdn has announced that its Infrastructure team has expanded its portfolio by securing a 49% stake in the Finnish regional energy provider Etelä-Savon Energia Oy, based in Mikkeli, Eastern Finland.