Abrdn has confirmed the departure of its global head of private equity, Mark Redman.
Redman has left Abrdn after less than two years, having joined in October 2020, according to his LinkedIn profile.
A spokesperson for Abrdn said Redman “has left the business to pursue other opportunities” and reiterated its commitment to private markets, including private equity.
“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,” Abrdn said in a statement.
The spokesperson added: “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.”
Redman joined Abrdn as a replacement for Peter McKellar, who was retiring at the time. Prior to this role, Redman worked for OMERS (Ontario Municipal Employees Retirement System), which is one of Canada’s biggest pension funds, as global head of private equity.
Abrdn’s private markets business comprises all of its real assets and private credit capabilities, as well as private equity.
Abrdn is headquartered in Edinburgh, and has £535 billion in assets under management. Within private equity, the company manages £14 billion of assets, according to financial results released on 1 March.
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