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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...

In the first half of 2023, global markets were characterised by persistently high inflation rates and an uncertain economic outlook, which in part resulted in subdued client activity, while demand for advisory services remained high. In this environment, LGT continued to expand its client...