abrdn cuts 27 from multi-asset team as part of investment process redesign

‘Need for change’

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...