abrdn wholesale director departs

Leadership changes continue at abrdn Australia, with its head of wholesale distribution for Queensland, NSW and ACT exiting to join Atrium Investment Management. 

Laura Mitchell had been with the global investment firm for over 12 years and had held the senior role since March 2022. In her time at abrdn, she had held various roles across operations, client services and business development.

She had been the first person to participate in the abrdn graduate program in the Sydney office.

Previously, she had served as a committee member on the Financial Services Council (FSC) for over a year. 

Her departure would follow a series of people moves and management changes at the Australian business.

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Earlier this year, abrdn head of Australian equities, Michelle Lopez, announced she would depart the firm after 18 years.

It followed the decision by abrdn to appoint boutique fund manager SG Hiscock to manage its Australian equity fund range and manage wholesale distribution in Australia, which formally took place on 17 April.

As part of this change, three investment professionals from the abrdn Australian equity team would join SG Hiscock to form an eight-person investment team, and portfolio manager Hamish Tadgell would be the lead manager. 

Additionally, Jeremy Lawson, chief economist and head of the abrdn Research Institute, announced he would exit the firm to join the Reserve Bank of Australia as deputy head of the international department in the second half of this year.