LGT takes majority in Vestra Wealth to expand in Britain - Reuters
15 March 2016
ZURICH (Reuters) - LGT, the private banking and asset management group owned by Liechtenstein's princely family, has agreed to buy a majority stake in Britain's Vestra Wealth, which has 5.6 billion pounds ($8 billion) in managed assets, LGT said on Monday.
"With this transaction, LGT will gain a significant foothold in the important British market, while Vestra Wealth will further enhance its services to clients in its current partnership setup" it said.
