At a cost of £140m (approximate CHF158m), LGT has successfully acquired Abrdn‘s discretionary fund management operations in the UK and Jersey.

LGT Wealth Management, a wealth manager with offices in the UK and a division of LGT, will be managing the acquired company’s client relations and about 140 employees.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

With the completion of this agreement, the assets under control of LGT Wealth Management rose from £22bn at the end of June 2023 to more than £28bn, an increase of over £6bn.

By acquiring offices in Leeds and Birmingham, the purchase further increased LGT Wealth Management’s presence in the UK.

This will be supported by future expansion at current facilities in London, Edinburgh, Bristol, and Jersey.

Ben Snee, CEO of LGT Wealth Management said: “The completion of this transaction marks another milestone in LGT Wealth Management’s journey from inception in 2008 to a leading wealth manager in the UK today. We are confident that our commitment to excellent client service and conviction-based investing will drive further growth and support our clients’ ambitions.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

H.S.H. Prince Max von und zu Liechtenstein, chairman LGT added: “The UK is one of LGT’s key European markets and LGT Wealth Management is well-positioned to capture the opportunities available for further organic growth. Clients want stable partners who can combine long-term vision with an entrepreneurial approach. LGT’s focus on high performance and sustainability appeals to high-net-worth private individuals, financial advisers, and institutional clients in the UK and around the world.”

Most recently, LGT Wealth India intends to grow its headcount as it aims to substantially increase the amount of money it manages for clients by assisting them in reducing their reliance on domestic assets.