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Abrdn CEO: ‘I took over a business that had been in decline’
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Abrdn posted a pre-tax loss of more than £600m for 2022, following a slump in assets and significant outflows in a year chief executive Stephen Bird called “one of the toughest investing years in living memory”.
The FTSE-listed asset manager suffered net outflows of £37.9bn last year, with £24.4bn of that driven by Lloyds Banking Group.
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