Abrdn has renamed the business to aberdeen following a year of simplification for the business, as the company’s outflows slowed to £1.1bn in 2024, from £17.6bn in 2023.
While adjusted net operating revenue for the company dipped 6% for the year, aberdeen began to positive movement buoyed by the performance of interactive investor. Adjusted operating profit for the business rose by 2% as aberdeen sold off parts of the business, and AUMA ticked up to £511.4bn, a rise of three percentage points from 2023.
Interactive investor near doubled its inflows for the year to £5.7bn and AUMA rose 17.1% to £77.5bn.
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CEO Jason Windsor, who took over the role last autumn, set out company targets for 2026 including an operating profit of at least £300m and net capital generation up 26%.
“Investments saw a significant turnaround in flows compared to 2023, and improved investment performance. Xavier Meyer is now leading the repositioning of investments to become a specialist asset manager, focused on its strengths in real assets, credit and specialist equities – in each of which we have good competitive positions and clear growth prospects,” Windsor said.
“Alongside our results, we are setting out our strategy to become a leading wealth & investments group, with new 2026 targets that underline the potential for the profitable growth we see in all of our businesses. Together with active capital management – and by further lowering restructuring spend – we are able to maintain the historic dividend per share from materially higher, and sustainable capital generation.”
This story was written by our sister title, Portfolio Adviser
