Abrdn’s chief executive of discretionary Richard Charnock is to retire next month, following 15 years at the company.
Charnock joined the firm in 2007, when it was Standard Life, and since then has spent time on the executive board, and as managing director of the adviser and investment business of Standard Life in the UK.
He also had responsibility for all Standard Life retail channel activity in the UK and Ireland and was chief executive of Standard Life Savings, with responsibility for the wrap platform and fundzone business.
Prior to Standard Life, he was chief executive of Williams de Broe and chief executive of Lloyds TSB Private Banking, Lloyds TSB IFA and Lloyds TSB Stockbrockers.
In an email to clients, Charnock said he had been privileged to lead the discretionary business since its inception in 2007.
“I have decided to retire from Abrdn in April this year - I will be leaving the business in very good hands with minimal changes which of course means that your primary contact will remain the same.”
Following a period of handover, David Driver will become head of discretionary.
Driver has been a director of the discretionary business at Abrdn for 12 years and has held discretionary investment management and private client leadership roles for 20 years.
An Abrdn spokesperson added: “Richard has been with the firm for many years, building up an extremely successful and well-respected discretionary business.
“He is known and admired across Abrdn and the wider industry, and we wish him well in his retirement.”
sally.hickey@ft.com
