UK's Aberdeen gains after appointing former Sampo chief Magnusson as chair

Aberdeen

09/09/2026 11:49

** Shares of Aberdeen Group ABDN.L up 2% at 252.6p, top gainer on FTSE 100 .FTSE index
** British asset manager appoints Torbjorn Magnusson as its chair-designate and non-executive director
** Magnusson retired as ​CEO of Nordic insurance giant Sampo Group, where he stepped down in October 2025 after nearly six years ​at the helm
** Magnusson's appointment is directionally supportive of Aberdeen's investment case and could help unlock unrealised value across the group, say analysts at Deutsche Bank
** Four of 15 analysts rate the stock "buy" or higher, 5 "hold" and 6 "sell" or lower; median PT is 242.07p - LSEG data
** Including session's gains, ABDN up ~22.9% YTD

 (Reporting by Atharva Singh in Bengaluru)
 ((Atharva.singh@thomsonreuters.com))