abrdn head of trusts William Hemmings retires
Hemmings has spent 32 years at abrdn and 20 years in his current role, and will be replaced by Christian Pittard.
Hemmings has spent 32 years at abrdn and 20 years in his current role, and will be replaced by Christian Pittard, who will take a newly expanded role as head of closed end-funds and managing director, corporate finance.
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Pittard, who has been the firm's director of corporate finance and head of listed funds since 2015, will also continue to have responsibility for abrdn's closed-end fund M&A.
He will report into Xavier Meyer, chief client officer and head of UK and EMEA.
A spokesperson for abrdn toldInvestment Week that Pittard's appointment «brings together our existing closed-end client relationships and M&A activities».
The firm has also hired Ben Heatley as head of closed-end funds sales at the beginning of November. Healey joined from Nimrod Capital and will report into Fergus McCarthy, head of UK investments wholesale distribution.
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An abrdn spokesperson said: «We would like to thank William for his considerable contribution to the company and wish him the best for his retirement.»
«As the third largest manager globally of closed-end funds, the appointments demonstrate our commitment to this area as we continue to expand and invest capital targeted at the closed-end fund business.»
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