Following last year’s £140 million acquisition of abrdn’s discretionary fund management business, LGT Wealth Management now has over 50 people working out of its Edinburgh base, advising clients across Scotland.

Ben Snee, LGT Wealth Management’s CEO, said: “We are dedicated to bringing exceptional service to clients and partners around the UK, and we look forward to strengthening our presence in Edinburgh and Scotland in the months and years ahead.”

LGT has taken over 9,000 square feet of grade A office space at Capital Square, including capacity for 72 workspaces, to accommodate 100 staff and six meeting rooms.

John Godfrey, head of Scotland at LGT Wealth Management, said: “In just over two years, we have grown rapidly in Edinburgh, we are committed to servicing our clients across Scotland and Capital Square gives our 50-strong headcount a fitting base from which we can continue our next phase of growth.”

LGT Wealth Management has also announced the appointment of Jonathan King as wealth manager, who joins from Barclays Wealth, where he was a director from 2018 and latterly their most senior private banker. Before that, Mr King, who is a Chartered Fellow of the Chartered Institute of Securities and Investment (CISI), was an investment manager at Tilney Investment Management (now Evelyn Partners).

Mr Godfrey added: “Jonny has experience of looking after many successful entrepreneurs and business owners, individuals and families across Scotland, advising on all aspects of wealth management.

“I had the pleasure of working with him for many years at Barclays and believe he is an excellent addition in helping us to grow our client base and relationships with Scotland’s leading corporate advisors.”

Mr King rejoins colleagues he previously worked with at Barclays, including Hope Cole, a trainee wealth manager who joined the business in February 2023.

Additionally, Julie Hutchison, who joined LGT following the abrdn acquisition in September 2023 was recently appointed to an expanded role as technical director for philanthropy and charities.