Welcome to Spring! Or so I would say…In Australia we divide the seasons into easy-to-remember three-month blocks.
Not quite the technical and scientific approach the UK takes, but I'm going with it. This week, Abrdn's discretionary fund management (DFM) arm was sold to LGT Wealth Management. Rather intriguingly, the acquirer is part of a wealth and banking conglomerate owned by the princely House of Liechtenstein and its chief executive (CEO) is Prince Maximillian! Back in the non-royal land of Abrdn, CEO Stephen Bird said his business has been weeding out "non-core capabilities". Ouch. Right as DFMs are becoming all the rage! Elsewhere, Vanguard was also assessing its priorities this week, announci...
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