It was a move away from the legacy left by former co-CEO, Martin Gilbert, who ‘ring-fenced’ the platform from other shifts in the business.
Mr Bird, who until last year headed up global consumer banking at Citigroup, replaced Keith Skeoch as chief executive in September.
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He inherited a struggling fund house, with a share price that had dwindled 40 per cent over the past five years.
imogen.tew@ft.com
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