Aberdeen Group Plc (ABDN) Q4 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.980 Good morning everyone and a very warm welcome to Aberdeen's 2023 00:00:05.980 -- 00:00:08.684 full year results presentation. 00:00:08.684 -- 00:00:14.413 I'm delighted to have Jason Windsor with me for his first results presentation 00:00:14.413 -- 00:00:18.199 as CFO, so welcome Jason. 00:00:18.199 -- 00:00:23.366 I'll be taking you through our strategy and our progress and Jason 00:00:23.366 -- 00:00:25.830 will walk you through the financials 00:00:25.830 -- 00:00:29.748 and then we will open up for your questions. 00:00:29.748 -- 00:00:34.937 Here with us, I'm pleased to welcome Rene Bulman, our CEO of Investments, 00:00:34.937 -- 00:00:40.266 Noel Butwell, CEO of Advisor, and Richard Wilson, CEO of 00:00:40.266 -- 00:00:46.053 II. And they will be here to help take the hard questions. 00:00:46.808 -- 00:00:51.978 Over the last three years, we have reshaped Aberdeen into a modern 00:00:51.978 -- 00:00:53.541 investment 00:00:53.541 -- 00:00:58.952 company that can thrive in the evolving investment landscape. 00:00:58.952 -- 00:01:04.343 As you can see today, II and Advisor continue to diversify 00:01:04.343 -- 00:01:09.286 our revenues and deliver improved profitability. 00:01:09.286 -- 00:01:14.216 We are scaling up these market leading distribution platforms 00:01:14.216 -- 00:01:19.327 to capitalise on the long term structural growth opportunities in the 00:01:19.327 -- 00:01:22.213 UK savings and wealth market. 00:01:22.213 -- 00:01:27.022 At the same time, we are refocusing the investments business. 00:01:27.022 -- 00:01:30.306 We've hired top talent to lead that business. 00:01:30.306 -- 00:01:34.391 We've taken out costs every single year for the last three years. 00:01:34.391 -- 00:01:39.997 We have slimmed down the nu...