abrdn merges UK and European equity teams

Five people to depart

Fund manager abrdn is combining its UK and European equity teams as part of a “strategic decision” to “evolve” its approach. Five people will leave the business as a result.

The move will see Ben Ritchie, previously head of European equities lead the 20-person team, while Andrew Millington, previously head of UK equities will take on a new role as head of research & investment process, equities. Ritchie joined the firm in 2002 and brings "deep investment and leadership experience" and his appointment "delivers continuity and stability," a spokesperson from the firm said. The spokesperson added that refining the structure of the business delivers three benefits: a focus on "existing strengths in sustainable, income, value and thematic investing"; a "greate...