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Abrdn CEO Stephen Bird to Step Down, CFO Jason Windsor Named Interim

May 24, 2024 1 min read

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British fund manager abrdn announced that CEO Stephen Bird will step down after four years in the role. Finance chief Jason Windsor will assume the position of interim CEO, pending regulatory approval, as the company searches for external candidates. Bird's tenure saw a strategic repositioning that included shedding jobs, reducing the range of funds, and expanding into mass-market investing, notably through the acquisition of the online platform interactive investor in 2022.

Despite these changes, abrdn reported net inflows of 0.8 billion pounds ($1.02 billion) over the January-March period, with assets under management increasing by 3% to 507.7 billion pounds. Trading and net flows in the second quarter have shown similar trends to the previous quarter. Bird will work alongside Windsor until June 30 to ensure a smooth transition.

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