Aberdeen Adviser has recruited Richard Denning, formerly at M&G, as its new CEO.
He replaces Noel Butwell who handed in his notice earlier this month.
Mr Denning has worked in the adviser sector for over 20 years and has held senior roles in client management, distribution and operations.
At M&G he was CEO of its Wealth Platform and prior to that role was COO at Aegon UK. He was also one of the founders of the Novia platform.
Aberdeen group chief executive Jason Windsor said: “Richard’s deep understanding of the market and extensive transformation track record, combined with his strategic and operational experience, make him the perfect fit to take our business to the next level of performance.
“Following the successful launch of our market-leading Aberdeen SIPP, work continues at pace to further enhance our proposition, continue to improve our service to clients and return to positive net inflows. Against this backdrop, we are confident that Richard’s arrival will build further on the progress made in 2025, drawing on his detailed grasp of what matters to IFAs along with the technology that powers platforms.
Mr Denning said: “I am delighted to be joining Aberdeen Adviser as CEO, leading one of the sector’s key players with a strong proposition, a fantastic heritage and a great team.
“I am looking forward to building on the work that has already been done to position the business for future growth and to ensuring we deliver the best platform in the market for our clients, at a time when technology and innovation continues to rapidly evolve.”
Aberdeen Adviser has made a number of senior hires over the last 18 months, including Verona Kenny as chief distribution officer, Louise Williams as chief financial officer for Adviser, Derek Smith as chief product & technology officer and Mark Wilson as Adviser’s chief risk officer.
Mr Butwell will continue to lead the business until Mr Denning’s expected arrival in May.
Aberdeen Adviser provides Financial Planning solutions and technology for UK financial advisers. As at 31 December 2025, the business manages and administers £80.4bn of client assets.