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 due to tough conditions in the industry.
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First mentioned in Cridland Report
Second acquisition of 2019
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