Stay updated with breaking news from Xavier Meyer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Abrdn made a pre-tax loss of £6m in 2023, as falling revenue in its investment arm continued to bite. In its full report for the year, the group reported an overall 4% drop in net revenues from £1,456m in 2022 to £1,398m in 2023.
William Hemmings, longstanding head of investment companies at abrdn, is set to retire from the role at the end of November.
Chris Demetriou, co-CEO of abrdn’s investments business, has resigned following a two-year overhaul of the department.
China's new regulatory body gets chief; China Life Pension names new chairman; India's quasi SWF gets new CEO; Australian Super appoints Europe investments head; JPMAM's Greater China head relocates; and more.
Rene Buehlmann was made sole CEO of the investment business, with Chris Demetriou stepping down as co-CEO.