Insights
Mauritius office reflects our commitment to expanding our global family office capabilities – Giuseppe Ciucci
Celebration marks key milestone in Stonehage Fleming story
Giuseppe Ciucci, Chairman and CEO of Stonehage Fleming, hailed the opening of our new office space in Mauritius as an important milestone on a continuing journey to build scale and expand Stonehage Fleming’s family office capabilities at a cocktail reception last week.
Taking guests on a whistle stop tour of the history of the Stonehage Fleming business, from office openings through starting new business lines to corporate mergers, he finished up at the 2022 acquisition of Maitland’s Private Client Services business in 2022. “It was a natural fit for our two businesses that had grown side by side and respected each other greatly.”
The deal, bringing with it legal, fiduciary, corporate and investment management services in nine locations internationally, boosted our assets under administration and investment management by some margin, which today stands at £122bn (Source: Stonehage Fleming March 2023).
Acquiring Maitland, said Giuseppe, meant not only greater scale for the business but also the addition of their operation in Mauritius. “Until that point, it was something I had long wanted to add to our offering,” he noted.
“Mauritius brought with it a very important client and operations capability. It is the reason we continue to invest and expand here, offering Mauritius as a multifamily office choice for local and international clients. I wish our Head of Family Office in Mauritius, Graham Patrick, and his team, the greatest success and happiness here in their new offices.”