Abrdn is cutting around a fifth of the staff in its multi-asset fund management division.
It is offering voluntary redundancy to at least 27 people in the 144-strong team.
A spokesperson for the Edinburgh-based financial services firm explained: “Earlier this year we announced that Russell Barlow would assume responsibility for working with the Multi-Asset Investing Team team to redesign the end-to-end investment process, with a core focus on simplification and the establishment of a solid foundation from which we can scale and grow the offering.
