Abrdn has confirmed it has “no desire” to replace its global head of private equity, or sell the division, after his departure.
Mark Redman has left the firm after less than two years in the post. During his time the business was spun into a separate division.
As a result of his exit, the leadership team of the private equity business will now report to Chris Demetriou, who is in charge of Abrdn’s investment teams across the UK, Europe and the Americas.
