(Reuters) -Abrdn finance chief Jason Windsor is the front-runner to change into the subsequent chief govt of the British fund supervisor following the departure of Stephen Chook, the Monetary Occasions reported on Saturday.

Windsor could possibly be formally elevated to the highest job as quickly as Tuesday when the corporate studies half-year outcomes, the newspaper reported, citing two sources near the method.

“No decision has been made on the appointment of a new CEO. When a decision is taken by the board, we will update the market in line with regulatory requirements,” the corporate advised Reuters in a press release.

Chook stepped down in Could after a turbulent four-year tenure marked by deep outflows of consumer money and a much-criticised rebranding.

Windsor took over as interim chief govt whereas the corporate regarded for a everlasting CEO.

The corporate has struggled to show round its fortunes after years of shoppers pulling money, with its difficulties have been underscored final yr when it tumbled out of Britain’s blue-chip .

Chook tried to revive the enterprise by shedding jobs, decreasing its vary of funds and increasing into mass-market investing by the takeover of the web platform interactive investor in 2022.

Chook was reported to have pitched to the board the potential for promoting Abrdn’s underperforming investments arm lately. When questioned on the matter in January, he advised reporters the corporate had examined each situation however was targeted on retaining and restoring that enterprise.