Company news

LGT has successfully completed the acquisition of abrdn’s discretionary fund management business in the UK and Jersey, at an amount of GBP 140 million (around CHF 158 million). LGT Wealth Management, the UK-based wealth manager and part of LGT, now assumes the client relationships of the acquired business and approximately 140 employees. With this transaction, LGT Wealth Management’s assets under management have increased by approximately GBP 6 billion to over GBP 28 billion, from GBP 22...

LGT achieved a group profit of CHF 223.6 million in the first half of 2023. This result was mainly driven by higher client assets and a favourable interest rate environment. Net asset inflows continued to be very strong in the first half of 2023, and amounted to CHF 15.8 billion.

The award-winning SMPS, comprising five portfolios, has seen significant growth of over £1 billion since its launch in 2018. The team is supported by dedicated sustainable portfolio managers, researchers and analysts, along with LGT Private Banking’s global sustainable investing platform. LGT’s long-standing and holistic dedication to sustainability is core to its business strategy and further strengthens the proposition financial advisers can offer to their clients. Ben joins from Brooks...

The high-quality UK and Jersey-based discretionary fund management business that LGT has agreed to acquire from abrdn, encompasses a profitable and long standing portfolio of high-net-worth clients and charities. Upon closing of the transaction, LGT Wealth Management, the UK-based wealth manager and part of LGT, will assume the client relationships of the acquired business and all of its employees. LGT Wealth Management will thus increase its assets under management from around GBP 22...

As Head of Business Transformation, Elliott will work in conjunction with Simon Boyley, Head of Technology and the firm’s client facing and adviser facing teams to shape and deliver the firm’s digital strategy, centered on enhancing the client and adviser experience. The firm is committed to offering a digital experience that is complemented by an unparalleled personal service. Elliott brings 10 years of client-facing experience as an Investment Manager, having joined the company in 2017...