LGT today announced that it has agreed to acquire a significant majority stake in Vestra Wealth LLP, primarily from external investors in the firm. The remaining stake will continue to be held by the firm’s executive partners. Vestra Wealth is a London-based wealth management partnership with GBP 5.6 billion in managed assets. With this transaction, LGT will gain a significant foothold in the important British market, while Vestra Wealth will further enhance its services to clients in its current partnership setup.

For more information, please see the attached press release.