Aberdeen has appointed Torbjörn Magnusson as chair-designate and non-executive director following the departure of Sir Douglas Flint.
Net outflows rose 44% year-on-year to £1.3bn for Aberdeen’s Adviser business in the first half of 2026, due to elevated redemption activity.
UK GDP grew by 0.6% in the first quarter, according to data released today by the Office for National Statistics today - higher than expected by many economists.
Aberdeen Investments is to become the investment manager of the Herald Investment Trust (HRI), following a deal with activist investor Saba Capital.
Aberdeen Group has appointed Jonathan Asquith, current senior independent director, as its interim chair while it searches for a permanent chair to replace Sir Douglas Flint who is stepping down in April.
The advice arm of investment manager Aberdeen reported net outflows of £0.8bn for the fourth quarter.
Michael O'Brien, a non-executive director of asset manager Aberdeen Group and a widely experienced senior executive in the investment industry, passed away unexpectedly on Saturday, the company said.