(Reuters) -Abrdn finance chief Jason Windsor is the front-runner to turn into the subsequent chief govt of the British fund supervisor following the departure of Stephen Fowl, the Monetary Instances reported on Saturday.
Windsor might be formally elevated to the highest job as quickly as Tuesday when the corporate studies half-year outcomes, the newspaper reported, citing two sources near the method.
“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 corporate instructed Reuters in an announcement.
Fowl stepped down in Could after a turbulent four-year tenure marked by deep outflows of consumer money and a much-criticised rebranding.
Windsor took over as interim chief govt whereas the corporate appeared for a everlasting CEO.
The corporate has struggled to show round its fortunes after years of purchasers pulling money, with its difficulties have been underscored final 12 months when it tumbled out of Britain’s blue-chip .
Fowl tried to revive the enterprise by shedding jobs, lowering its vary of funds and increasing into mass-market investing by the takeover of the web platform interactive investor in 2022.
Fowl was reported to have pitched to the board the potential for promoting Abrdn’s underperforming investments arm lately. When questioned on the matter in January, he instructed reporters the corporate had examined each state of affairs however was targeted on preserving and restoring that enterprise.
