Abrdn has confirmed Jason Windsor will be its new permanent group CEO.
Windsor has been the asset manager’s interim CEO since May this year, following the departure of Stephen Bird after four years in this role.
Bird’s decision to step down from the CEO role came after a tumultuous period for Abrdn, which saw both its share price and AUM decline. Earlier this year Bird said his departure would enable the company to pursue a “strategic repositioning”, with a view to becoming a more specialist asset management house.
At the time Abrdn initiated a formal succession process, exploring both internal and external options.
Windsor joined Abrdn as chief financial office in October last year. Previously he had worked at the house builder Persimmon.
Announcing the permanent appointment, company chair Douglas Flint said: “I am delighted that Jason emerged from what was a very thorough process as the unanimous choice of the board to lead Abrdn in its next phase.
“He has made a huge impression both internally and externally since he joined Abrdn, particularly as someone whose actions evidence he cares deeply about our clients and customers and our people.”
Abrdn said a search is now underway to find a permanent replacement for Ian Jenkins, who will continue for the time being as interim chief financial officer.