LGT Vestra founder David Scott steps down
Scott’s Vestra Wealth was acquired by the Princely House of Liechtenstein-owned LGT Group in 2016
LGT Vestra founder and chairman David Scott is stepping down at the end of the year.
Scott founded Vestra Wealth in 2008 and led the firm through to its acquisition by private banking group LGT Group, which is owned by the Princely House of Liechtenstein, in June 2016.
When LGT Group acquired Vestra Wealth it had £5.7bn assets under management; the combined company, LGT Vestra, now has about £17bn AUM with 370 employees and partners as at 30 November.
Founding partner Ben Snee became chief executive in 2013 and will continue to head up the firm.