Abrdn private equity boss Redman leaves

Edinburgh investment giant Abrdn has announced that Mark Redman, its global head of private equity, has left the company “to pursue other opportunities.”

Abrdn refuted speculation in a London newspaper that it is considering selling its private equity business.

Abrdn has assets under management and administration of about £540 billion — with about £13 billion in private equity.

In a statement, Abrdn said: “Mark Redman, global head of private equity, has left the business to pursue other opportunities.

“Mark is an experienced and successful private markets investor and leader who leaves our private equity business positioned for the future.

“We have enjoyed working with him and wish him well for the future.

“There will be no change to our private equity leadership team who will move to report to Chris Demetriou, CEO UK, EMEA and Americas, and the underlying investment processes and teams remain unchanged.”

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Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.