Ben Snee

LGT has agreed to buy abrdn’s discretionary fund management (DFM) business – abrdn Captial – for £140 million.

Following the deal, approximately £6.1 billion in assets under management (AUM) and 140 employees will transfer to LGT.

The sale is expected to complete in the second half of the year, following satisfaction of certain conditions and regulatory approvals. 

Upon the deal closing, LGT Wealth Managem...