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Stephen Chicken is stepping down as chief govt of UK asset supervisor Abrdn after a four-year tenure that included a controversial rebranding of the group.
Abrdn mentioned on Friday that “following the numerous strategic repositioning of the corporate” it was the suitable time for Chicken at hand over to another person.
Chief monetary officer Jason Windsor, who joined the corporate final October, has been appointed interim chief govt whereas the board seems for a everlasting successor.
In one among his first main strikes as CEO, Chicken rebranded Aberdeen Asset Administration as Abrdn. However the group, fashioned by means of the merger of Customary Life and Aberdeen Asset Administration in 2017, has lacked the dimensions to compete with bigger rivals.
It is a creating story