Abrdn Sells Discretionary Fund Management Business to LGT

Posted on 02/28/2023

Abrdn (formerly Aberdeen Investments or Standard Life Aberdeen) signed an agreement to sell its discretionary fund management business abrdn Capital to Liechtenstein-based LGT for £140 million. Abrdn is keen on focusing on the private wealth market. The sale of Abrdn Capital to LGT is expected to complete in the second half of 2023. The transaction…

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