LGT Group, the Liechtenstein-based wealth manager, is set to sell its Liechtenstein and Swiss-based trust and fiduciary business for an undisclosed amount.

LGT Treuhand in Liechtenstein will be acquired by the First Advisory Group, a provider of fiduciary services in Liechtenstein. LGT also said that with retroactive effect from January 1 2009, LGT Swiss Trust Company will be taken over by LSP Trust.