LGT has successfully completed the acquisition of Abrdn’s discretionary fund management business in the UK and Jersey. This £140m deal, which was initially announced in February, has allowed LGT Wealth Management, the UK-based wealth arm of LGT, to take on Abrdn Capital’s 4,000 clients and 140 employees. As a result, LGT WM’s total assets have increased to approximately £28bn, with an additional £6bn worth of assets added through this acquisition.

This acquisition not only strengthens LGT WM’s position in the region but also expands its regional presence. With this strategic move, LGT WM is poised to further enhance its offerings and services to its growing client base.

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Information	Details
Geography	Europe
Countries	🇯🇪
Sentiment	positive
Relevance Score	1
People	None
Companies	Abrdn Capital, LGT
Currencies	None
Securities	None