9th Sep 2026 09:19
Aberdeen Group PLC - Edinburgh-based wealth and asset manager - Aberdeen names Torbjorn Magnusson as its next chair, with the former boss of Nordic insurer Sampo the permanent replacement for Douglas Flint. Flint stood down after Aberdeen's April annual general meeting, and Jonathan Asquith has served as chair in the interim. Asquith will stay on as interim chair until Magnusson's appointment takes effect. Magnusson will become chair "following relevant regulatory approvals, and a further announcement will be made in due course", Aberdeen says. Magnusson has served as chair of Nordea Bank AB and Hastings Group, owner of UK insurer Hastings Direct.
As an executive, Magnusson was chief executive officer of Nordic financial services firm Sampo Oyj for six years until 2025. He led Sampo's GBP1.7 billion acquisition of Hastings in the UK, Aberdeen notes.
Aberdeen stock price: 252.60 pence, up 2.0% in London on Wednesday
12-month change: up 38%
By Tom Waite, Alliance News editor
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