Martin Gilbert steps down from Abrdn funds’ board over conflicts of interest
City grandee Martin Gilbert has been asked to step down from the board of two major funds run by Abrdn because of potential “conflicts of interest”.
Abrdn, which was relegated from the FTSE 100 last month, said Gilbert had left his role at two Luxembourg-based funds called Sicavs, which form an umbrella for many of the company’s individual funds, because of his other positions in the asset management industry.
Gilbert, who co-founded Abrdn in 1983 as Aberdeen Asset Management, is chair of AssetCo, an investment firm that acquires other fund managers.
This story originally appeared on: Financial Times - Author:Emma Dunkley
