Aberdeen chief executive Jason Windsor said there is “headroom” for the asset manager to go beyond its stated annual cost savings target of £150m, as he continues to sharpen focus on trimming expenses and turning around fortunes across the UK-listed group.

The Edinburgh-headquartered firm said on 30 July that it was “well on track” to deliver £150m in annualised cost savings by the end of 2025, a target which was set at the start of 2024.