abrdn CEO blocked from selling investment management business by board

Following ii merger

Eve Maddock-Jones
clock • 1 min read

abrdn’s board reportedly voted against a proposal from its chief executive Stephen Bird to sell the investment management business last year.

According to a report by Financial News, Bird sought to offload the £368bn investment arm of the company following its takeover of online investment platform ii, expressing "a personal preference" for such a transaction. abrdn completes sale of $4bn US private equity and venture capital business to alternatives boutique He presented the board with the strategic options for the firm in June, but the committee voted against the proposal and opted to keep the Edinburgh-based firm together, according to the news outlet. The company recently sold its $4bn US private equity and venture c...

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