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abrdn PLC on Thursday outlined its ambition to ‘build a leading position in the UK’s personal wealth market’, alongside some financial targets.
The Edinburgh-based investor and asset manager is targeting mid-single-digit compound annual growth rate in total customer base over the next five years, but said its outlook in 2023 is ‘subdued’ due to market conditions.
abrdn is looking to grow its market share of trading transactions, which will be driven by ‘expanded customer numbers and pipeline of new trading services and proposition enhancements’, it said.
Richard Wilson, chief executive officer of abrdn Personal, said: ‘We have a clear ambition to build a leading position in the UK’s personal wealth market and a proud record of delivering a trusted digital-led subscription service to our growing number of customers.’
abrdn shares were down 1.8% to 215.70 pence each on Thursday morning in London.
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