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Published

Clients pull £13.9bn from Edinburgh investment firm amid job cuts

Summary by Ground News
Abrdn, the Scottish financial services heavyweight, has said it plans to cut around 500 jobs as part of a cost-saving overhaul. The cuts amount to a 10% reduction in the investment firm’s headcount and are aimed at saving costs by £150 million a year. Edinburgh-based company rebranded from Standard Life Aberdeen in 2021.

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Shropshire StarShropshire Star

Abrdn clients pull £13.9bn amid job cuts at investment firm

The fund manager and wealth specialist saw its pre-tax loss shrink to £6 million for last year, reducing from a £612 million loss.

·Ketley, United Kingdom
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The Herald ScotlandThe Herald Scotland

Clients pull £13.9bn from Edinburgh investment firm amid job cuts

Investment firm Abrdn has said it plans to cut around 500 jobs as part of a cost-saving overhaul.

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StvStv

Abrdn clients pull £13.9bn amid hundreds of job cuts at investment firm

The fund manager and wealth specialist saw its pre-tax loss shrink to £6m for last year, reducing from a £612m loss.

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The NationalThe National

Clients pull billions from investment firm amid looming job cuts

SCOTTISH investment firm Abrdn said clients have pulled billions from the investment company as it begins major cuts this year.

·Glasgow, United Kingdom
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