Abrdn CFO Stephanie Bruce to step down (updated)
22/12/2022 17:03
(Adds details, background )
Dec 22 (Reuters) - Abrdn Plc's ABD.L finance boss
Stephanie Bruce will leave the company, the investment firm said
on Thursday without providing a timeline for her departure, at a
time the firm seeks to boost returns amid market turbulence that
has dented its performance.
Bloomberg News had first reported on Thursday that Bruce
would leave her role in the coming months, citing an abrdn
spokesperson.
In an emailed statement to Reuters, an abrdn spokesperson
said that there was no departure date yet for Bruce.
Bruce joined the British company in June 2019 from
accountancy firm PwC, where she was a partner.
Abrdn said earlier this year it would take longer to grow
its revenues and boost profitability after half-yearly profit
missed expectations as outflows surged and cautious investors
shunned riskier investments amid high inflation.
The group bought a stake in digital assets exchange Archax
in August, amid a wider push by investors into crypto-assets
despite a recent plunge in value.
(Reporting by Prerna Bedi and Muhammed Husain in Bengaluru;
Editing by Shailesh Kuber)
((prerna.bedi@thomsontreuters.com))