Aberdeen Group Plc (ABDN) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and a very warm welcome to Aberdeen's 2023 full year results presentation. I'm delighted to have Jason Windsor with me for his first results presentation as CFO, so welcome Jason. I'll be taking you through our strategy and our progress and Jason will walk you through the financials and then we will open up for your questions. Here with us, I'm pleased to welcome Rene Bulman, our CEO of Investments, Noel Butwell, CEO of Advisor, and Richard Wilson, CEO of II. And they will be here to help take the hard questions. Over the last three years, we have reshaped Aberdeen into a modern investment company that can thrive in the evolving investment landscape. As you can see today, II and Advisor continue to diversify our revenues and deliver improved profitability. We are scaling up these market leading distribution platforms to capitalise on the long term structural growth opportunities in the UK savings and wealth market. At the same time, we are refocusing the investments business. We've hired top talent to lead that business. We've taken out costs every single year for the last three years. We have slimmed down the number of funds in our offering, and we have streamlined our geographic footprint. We have divested from areas where we were subscale, and we've enhanced our investment capabilities in more attractive areas. We have formed a group which has more ways to win with the investment content and the distribution that is aligned to the products and services that our clients need. Leveraging our data and our technology across the three businesses, we're now better able to move away from products that clients wanted yesterday to products that clients want and need today. That's what we call client-led growth. Today's results reflect the action that ...