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.

Olivia joins from Quilter Cheviot where she spent five years as an Investment Manager within the Managed Portfolio Services Investment team. Olivia is a CFA Charterholder and also holds the CFA Certificate in ESG Investing, having worked as a Responsible Investment Champion during her time at Quilter Cheviot. She has been recognised in Citywire’s 30 Under 30 list and is shortlisted for ‘Rising Star of the Year’ in Investment Week’s Women in Investment Awards. Joining the Intermediary...

LGT Wealth Management announced the opening of its Edinburgh office in June, with the appointment of John Godfrey, former Senior Investment Director at Barclays Wealth and Investment Management, as the Head of Scotland. John said: "LGT Wealth Management is committed to building and growing an experienced, highly skilled and personable team in Scotland. Our bespoke and client-led approach, coupled with the stability that our private ownership brings, has attracted a high-level of talent from...

FUCHS | RICHTER, a German company that reviews private banks, has introduced a new sustainability ranking for private banks. The main criteria assessed for the rating are the quality of advice, how sustainability is incorporated into the investment process and investment proposal, as well as the overall investment process. Around 25 private banks in German-speaking countries have been reviewed to date, with new providers being added on an ongoing basis. The reviewers were impressed by LGT’s...