Investing Clients pull more than €16 billion from Abrdn amid job cuts The firm said last month it plans to cut around 500 jobs as part of a sweeping overhaul to save the investment firm up to £150 million in costs
Clients of fund manager Abrdn have pulled £13.9 billion from the company over the last year, the firm announced. It came as the fund manager and wealth specialist saw its pre-tax loss shrink to £6 million for last year, reducing from a £612 million loss. The firm said last month it plans to cut around 500 jobs as part of a sweeping overhaul to save the investment firm up to £150 million in ...
Source: News Formal (newsformal.com)
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