Aberdeen Asset Management has cut its sales team, under Jonathan Polin, by almost half, saying it is...
Aberdeen Asset Management has cut its sales team, under Jonathan Polin, by almost half, saying it is to concentrate on retaining existing business, rather than asset gathering. The cuts at Aberdeen are expected to be the start of more significant cuts in sales teams across the industry. The former team of nine at Aberdeen has been reduced to five over the course of the past two weeks (excluding Polin, who remains sales and marketing director). A further three remain on the broker desk. Gary Marshall, managing director, said the redundancies were brought about by the need for cost-cutting du...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes