LGT, the private banking and asset management group owned by the Princely Family of Liechtenstein, has reached an agreement with abrdn to acquire its discretionary fund management business in the UK and Jersey.
With this transaction, involving approximately £6.1bn in assets under management and close to 140 employees - around 45 of which are based in Scotland - LGT is aiming to strengthen its position in the UK wealth management market.
The abrdn Capital division encompasses a long-standing portfolio of high net-worth clients and charities.
