abrdn equity dealer departs for UBS Asset Management

Incoming trader had been with abrdn – formerly Standard Life Aberdeen – for over 16 years.

A former senior abrdn dealer with almost two decades under his belt has joined UBS Asset Management, The TRADE can reveal.

Matthew Drake has joined UBS Asset Management as an equity execution trader based in London.

He joins the asset manager after spending the last 16 and a half years at abrdn, joining in 2006 as a portfolio analyst for pan-European equities and later becoming an equity dealer in 2008.

He joins a growing trading desk at UBS Asset Management, which is nominated for this year’s Trading Desk of the Year Award as part of Leaders in Trading 2022.

abrdn went through a major rebrand in July last year, slimming the asset manager’s focus down to three simplified growth areas including investments, adviser and personal. The rebrand also saw it consolidate its various business segments – consolidated through the merger of Aberdeen and Standard Life in 2017 – under one name, abrdn.