LGT, originally known as The Liechtenstein Global Trust, is set to buy Abrdn Capital, the discretionary fund management (DFM) arm of the global investment company and asset manager Abrdn, for GBP140m ($168m).

The DFM business, which has GBP6.1bn ($7.3bn) in assets under management and about 140 employees, will be absorbed into LGT Wealth Management. Abrdn Capital