Aberdeen Asset Managers never seem to be out of the headlines and today is no exception.
Aberdeen's highest paid executive has now resigned. The executive, Chris Fisherwick is alleged to have earnt a whopping £1.8m last year. He is reported to have resigned with a £350,000 pay off but will be staying at Aberdeen until the end of the year.
The question is, will Aberdeen's shareholders be satisfied with Mr Fisherwick's exit or will more cuts be needed?
The Financial Services Authority, the industry regulator, is said to be looking closely at Aberdeen from a regulatory point of view. If they uncover irregularities with the investment of client funds, the Serious Fraud Office could become involved.
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