Charities

LGT to acquire discretionary fund management business of abrdn in the United Kingdom

As announced on 28th February 2023, and subject to regulatory approval, LGT, the international private banking and asset management group owned by the Princely Family of Liechtenstein, will acquire the bespoke (core) business of abrdn Capital Limited, its Discretionary fund management business, later in the year.

We will become part of the UK business – LGT Wealth Management, who already employ 475 people and successfully manage circa £22bn for private clients, companies, charities and trusts.

As a result of this news there will be no change to your Client Portfolio Management team. Please be assured that our focus remains on delivering high quality outcomes for your clients and that, as ever, we are working hard to ensure your investments are well positioned and actively managed.

For more information please visit https://www.abrdn.com/corporate/media-centre/media-centre-news-article/agreement-to-sell-discretionary-fund-management-business

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