REG - abrdn PLC - Directorate Change - Group CFO Appointment

AberdeenAnnouncement

28/02/2025 07:15

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RNS Number : 7947Y  abrdn PLC  28 February 2025

 

abrdn plc

 

Appointment of Group Chief Financial Officer and Executive Director

 

abrdn plc ("abrdn" or the "Company") is pleased to announce the appointment of
Siobhan Boylan as Chief Financial Officer ("CFO") and Executive Director of
the Company, subject to regulatory approval. Siobhan is expected to join the
Company during the summer.

 

Siobhan is an accomplished CFO who brings over thirty years' experience and
significant knowledge from across the financial services sector. She is
currently CFO of Coutts & Co, the private banking arm of the NatWest
Group, and an independent non-executive at Jupiter Fund Management plc.

 

Prior to Coutts & Co, Siobhan was CFO of Brewin Dolphin (a constituent of
the FTSE 250 until its acquisition in 2022), CFO of the asset management
subsidiary of Legal & General, LGIM, and held various senior finance roles
at Aviva plc.

 

 

Sir Douglas Flint CBE, Chairman, said:

 

"I am delighted to welcome Siobhan as a member of our Board and executive
team. Siobhan brings outstanding credentials and deep experience as CFO of
wealth and investment businesses."

 

 

Jason Windsor, Group Chief Executive Officer, said:

 

"Siobhan was the outstanding candidate, with her impressive skillset and
experience that is highly relevant, and complementary to the rest of the
leadership team. I know she will make an immediate and significant impact. I
want to take this opportunity to thank Ian Jenkins for his commitment during
the interim period, and I am delighted he will step into a new role as CFO of
our Investments business when Siobhan joins the Company."

 

 

Siobhan Boylan said:

 

"I am delighted to be joining Jason and the Executive team at abrdn. This is
an exciting time to join the business, and I am looking forward to working
with talented colleagues, to continue to strengthen the business and set it up
for future success."

 

Ian Jenkins will continue in the role of Interim Group CFO until Siobhan
Boylan joins the Company.

 

Information regarding the compensation arrangements for Siobhan are set out in
the Appendix and follow the Remuneration Policy approved by shareholders at
the 2023 Annual General Meeting.

 

 

28 February 2025

 

Enquiries:

 

 Media

 Duncan Young                    +44 (0) 7920 868 865

 Institutional Equity Investors

 Duncan Heath                    +44 (0) 207 156 2495

 Group Secretariat

 Iain Jones                      +44 (0) 7944 203 003

 

Notes

 

This announcement is made pursuant to Listing Rule 6.4.6. In accordance with
paragraph LR 6.4.8R of the Listing Rules, abrdn confirms there is no further
information to be disclosed in terms of LR 6.4.8 (1) to LR 6.4.8 (6) inclusive
in respect of Siobhan Boylan.

 

The person responsible for making this announcement on behalf of the Group is
Iain Jones (Group Company Secretary).

 

LEI number of abrdn plc: 0TMBS544NMO7GLCE7H90

 

Classification: 3.1. Additional regulated information required to be disclosed
under the laws of the United Kingdom.

 

Notes to Editors

 

Siobhan Boylan's Remuneration

 

Siobhan's remuneration package has been structured in accordance with the
Remuneration Policy approved by abrdn shareholders at the 2023 AGM.

 

Siobhan's salary has been set at £495,000 per annum. All other elements of
remuneration are in line with the shareholder-approved Directors' Remuneration
Policy.

 

Full disclosure of Siobhan's remuneration arrangements will be provided in the
Directors' Remuneration Report in the relevant abrdn Annual Report and
Accounts.

 

 

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