Abrdn is preparing to offload its private equity fund arm, as part of ongoing the streamlining strategy implemented by chief executive Stephen Bird.
Sky News reports that the asset management group has hired investment bank Rothschild to find a buyer for the division, which managed nearly £14bn in assets at the end of last year.
Bird joined Standard Life Aberdeen two years ago, making several changes since - one of the first being the controversial name change to abrdn.
