financetom
Business
financetom
/
Business
/
Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports
Aug 3, 2024 6:48 AM

(Reuters) -Abrdn ( SLFPF ) finance chief Jason Windsor is the front-runner to become the next chief executive of the British fund manager following the departure of Stephen Bird, the Financial Times reported on Saturday.

Windsor could be formally elevated to the top job as soon as Tuesday when the company reports half-year results, the newspaper reported, citing two sources close to the process.

"No decision has been made on the appointment of a new CEO. When a decision is taken by the board, we will update the market in line with regulatory requirements," the company told Reuters in a statement.

Bird stepped down in May after a turbulent four-year tenure marked by deep outflows of client cash and a much-criticised rebranding.

Windsor took over as interim chief executive while the company looked for a permanent CEO.

The company has struggled to turn around its fortunes after years of clients pulling cash, with its difficulties were underscored last year when it tumbled out of Britain's blue-chip FTSE 100 index.

Bird tried to revive the business by shedding jobs, reducing its range of funds and expanding into mass-market investing through the takeover of the online platform interactive investor in 2022.

Bird was reported to have pitched to the board the possibility of selling Abrdn's ( SLFPF ) underperforming investments arm in recent years. When questioned on the matter in January, he told reporters the company had tested every scenario but was focused on keeping and restoring that business.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Domino's Pizza Suspends 1,100+ Global Net Store Outlook After Q2 Earnings, Stock Tumbles
Domino's Pizza Suspends 1,100+ Global Net Store Outlook After Q2 Earnings, Stock Tumbles
Jul 18, 2024
Domino’s Pizza Inc shares are trading lower after the company reported worse-than-expected second-quarter revenue performance. The company reported second-quarter FY24 sales growth of 7.1% year-on-year to $1.097 billion, missing the analyst consensus estimate of $1.103 billion. The revenue increase was primarily due to higher supply chain, U.S. franchise advertising and U.S. franchise royalties and fees revenues.  The growth in supply...
Havana's roads change as Cubans adopt electric bikes and vehicles
Havana's roads change as Cubans adopt electric bikes and vehicles
Jul 18, 2024
By Alien Fernandez HAVANA, July 18 (Reuters) - Havana is famed for the colorful vintage cars that can still be seen puttering around its streets and are a popular subject for visitors' photographs. But these days, Cubans are just as likely to be found getting around quickly and quietly on electric scooters made with Chinese parts. Electric motorcycles are solving...
WNS Holdings Fiscal Q1 Adjusted Earnings, Revenue Decline
WNS Holdings Fiscal Q1 Adjusted Earnings, Revenue Decline
Jul 18, 2024
06:55 AM EDT, 07/18/2024 (MT Newswires) -- WNS Holdings ( WNS ) reported fiscal Q1 adjusted earnings Thursday of $0.93 per diluted share, down from $1.02 a year earlier. Analysts polled by Capital IQ expected $0.91. Revenue for the quarter ended June 30 was $323.1 million, compared with $326.5 million a year earlier. Analysts surveyed by Capital IQ expected $310.4...
Textron's Fiscal Q2 Adjusted Earnings, Revenue Rise
Textron's Fiscal Q2 Adjusted Earnings, Revenue Rise
Jul 18, 2024
07:02 AM EDT, 07/18/2024 (MT Newswires) -- Textron ( TXT ) reported fiscal Q2 adjusted earnings Thursday of $1.54 per diluted share, up from $1.46 a year earlier. Analysts polled by Capital IQ expected $1.47. Revenue for the quarter ended June 29 was $3.53 billion, up from $3.42 billion a year earlier. Analysts surveyed by Capital IQ expected $3.55 billion....
Copyright 2023-2025 - www.financetom.com All Rights Reserved