Stonehage Fleming Agrees To Acquire Rootstock Investment Management’s Business And Assets
21 Oct 2022
Stonehage Fleming Agrees To Acquire Rootstock Investment Management’s Business And Assets
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading international multi-family offices, today announces that it has agreed to acquire the business and assets of Rootstock Investment Management (“Rootstock”), an investment firm based in South Africa.
On completion of the transaction, which is subject to regulatory approval, Stonehage Fleming will acquire all the operating activities of Rootstock, including the Rootstock SCI Worldwide Flexible Fund and the Rootstock Global Equity UCITS Fund. This will bring additional scale in AUM and further investment expertise, together with an on the ground presence in Stellenbosch, further strengthening Stonehage Fleming’s position in the South African domestic market.
Subject to regulatory approval, Rootstock Global Equity UCITS Fund will be amalgamated with Stonehage Fleming’s flagship Global Best Ideas Equity fund (“GBI”), managed by Gerrit Smit, Head of Stonehage Fleming Global Equity Management. Rootstock SCI Worldwide Flexible Fund will be renamed the Stonehage Fleming SCI Worldwide Flexible Fund; it will continue to be managed by Johan Barkhuysen, reporting to Gerrit in London.
On completion, Rootstock founder Thys du Toit will join Stonehage Fleming as a Partner.
Chris Merry, Stonehage Fleming Group CEO commented: “We warmly welcome Rootstock and its clients to Stonehage Fleming. We have known Rootstock for many years and are confident of the cultural fit between the firms, already sharing a number of clients. This transaction continues our strategy of supplementing organic growth through select acquisitions and we will continue to look for companies which share Stonehage Fleming’s values and culture, as we have already demonstrated to positive effect with Cavendish in 2020, and Maitland in 2022.
Thys du Toit, founder of Rootstock Investment Management, commented: “Stonehage Fleming and Rootstock’s similar culture, core values and investment philosophy could not be better if by design. Stonehage Fleming is a firm whose investment acumen Rootstock holds in high regard and many of Rootstock’s clients already know and value Stonehage Fleming and Gerrit Smit, a respected industry leader. This new chapter within the Stonehage Fleming family presents an exciting opportunity for us all.”
Stonehage Fleming was advised on the transaction by Stonehage Fleming Advisory and Stonehage Fleming Law.
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Lola Adekaiyaoja
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +44 7427 487 118
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stats as at end of September 2022
Stonehage Fleming Announces Appointment of Group Head of Financial Services
Stonehage Fleming (“the Group”), one of the world’s leading international Family Offices, announces the appointment of Stefan Flachsmann as Group Head of Financial Services.
In this newly created role, Stefan will be responsible for managing and developing Stonehage Fleming’s financial services offering. This includes the Group’s treasury, dealing and custody platforms, the Group’s financial counterparty relationships, and relationships with the Group’s financial partners. Stefan will be based in Zurich and will report directly to Chris Merry, Group CEO.
Stefan has 27 years’ experience in investment and private banking, as well as asset and fund management, and has worked in the US, Europe, and APAC. He joins Stonehage Fleming from UBS where he was Head of Asset Servicing Europe. Stefan joined UBS in 2006 in the Investment Bank where he held various risk positions and was responsible for enhancing its operational risk framework. He was a founding member of the Asset Servicing business in UBS, which included the creation of an institutional wealth platform and solutions for UHNW and institutional clients. Prior to UBS he worked as a risk and management consultant leading global regulatory and banking programmes.
Stonehage Fleming’s Financial Services division forms the fourth pillar of business for the Group, adding to Family Office, Investment Management and Corporate, Legal & Tax Advisory Services.
Commenting on the appointment, Chris Merry, Group CEO of Stonehage Fleming, said: “It is a pleasure to welcome Stefan to Stonehage Fleming. He brings a unique range of client servicing and operational skills and has extensive process and product knowledge of the financial services industry. The combination of Stefan’s commercial and operational acumen, alongside his strategic vision, will be invaluable to the Group as we continue to support some of the world’s leading families and wealth creators across generations and geographies.”
Stefan Flachsmann said: “I am delighted to join Stonehage Fleming to manage and develop the Group’s Financial Services offering. Providing families with state-of-the-art financial solutions underpinned by high quality operational support and execution is key to enable strategic advice and planning services. These combined all help discerning clients to address the challenges of creating and preserving wealth. Stonehage Fleming is a widely respected adviser to many of the world’s leading families and wealth creators and I look forward to being part of the team.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming announces appointments to Group Board
Stonehage Fleming, one of the world’s leading international Family Offices, announces the appointments of Dena Brumpton and Michael Solomon to the Group Board.
Dena is the former Chief Executive of Barclays' Savings, Investments and Wealth Management division and sat on Barclays’ UK Executive Committee. She spent the majority of her executive career at Citigroup, most recently as the Global Chief Operating Officer of the Private Bank.
Dena currently sits on the Board of Scottish Widows Schroders Personal Wealth, Maitland Group, Churchill Capital V (NYSE). She is also an adviser to Mirabaud & Cie, UK and formerly served on Cancer Research UK’s Women of Influence Board and was a member of British Airways International Business Advisory Board.
Michael Solomon joined the Group Board in April, following the successful completion of Stonehage Fleming’s acquisition of Maitland’s Private Client Services business. Michael is a corporate and commercial lawyer with extensive experience in cross border mergers and acquisitions, international tax and corporate finance. Michael’s appointment follows his previous roles as Chairman and more recently as Non-Executive Director of the Maitland Group.
Commenting on the appointments, Chris Merry, Group CEO of Stonehage Fleming, said:
“It is a pleasure to welcome both Dena and Michael to the Stonehage Fleming Group Board. Their extensive experience will be invaluable as they work alongside our existing Board members to shape the future of the business.”
“Stonehage Fleming’s goal is to be the most trusted adviser to successful families and wealth creators. We are actively committed to diversity and inclusion and are proud to have attracted one of the leading women in financial services to our Board. We look forward to working alongside both Dena and Michael to continue to innovate and adapt to the needs of our diverse multi-generational client base.”
Dena Brumpton said:
“I am thrilled to sit on the Board of such a highly respected and trusted business, Stonehage Fleming has a long-standing reputation and has paved the way in being a diverse modern family office. I look forward to working alongside my fellow Board members to further grow the business at what is an exciting time of progression for the Group.”
Michael Solomon, on his appointment to Stonehage Fleming’s Group Board said:
“Following Stonehage Fleming’s acquisition of Maitland’s Private Client Services business, I look forward to taking on this new role on the Stonehage Fleming Board and combining both Maitland’s and Stonehage Fleming’s diverse and comprehensive offerings to our clients.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Judges announced for the inaugural Stonehage Fleming XV
Vick Hope, Caroline Michel, Marcela Navarro and Myriam Vander Elst confirmed as judges for Stonehage Fleming’s women in leadership initiative
Stonehage Fleming, one of the world’s leading international Family Offices, announces the judges for the ‘Stonehage Fleming XV’. Based on the Group’s Four Pillars of Capital proprietary research, the initiative will recognise fifteen female entrepreneurs and business women for their cultural, intellectual, financial and social contributions to society.
The judges each act as an ambassador of one of the Four Pillars of Capital and are:
- Vick Hope, TV and radio presenter, journalist and published author for cultural;
- Caroline Michel, CEO of PFD and Literary and Talent Agent for intellectual;
- Marcela Navarro, CEO & Co-Founder of Project X Global for financial; and
- Myriam Vander Elst, Chief Engagement Officer at Epic Foundation for social.
Chris Merry, CEO of Stonehage Fleming, said: “Launching the Stonehage Fleming XV is an important milestone in our Group’s journey, and we are proud to have these impressive, successful women join us as independent judges. I am looking forward to working alongside them and unveiling our first Stonehage Fleming XV later this year.”
Guy Hudson, Head of Marketing and Communications at Stonehage Fleming, added: “We are thrilled that women of such high calibre will be joining us as our external judges. They each bring experience, insight and wise counsel and will help us identify and celebrate those women who demonstrate the positive characteristics of cultural, intellectual, financial and social capital.”
“Our goal is to create a community where women can connect, collaborate and share experiences with a broad network of those facing similar challenges. This won’t be a one-off, we aim to create significant value in what will become a self-sustaining network.”
Four Stonehage Fleming representatives will complete the judging panel. They are: Chris Merry, Group CEO; Natalie Campbell MBE, member of the Stonehage Fleming UK Advisory Board and Co-CEO of Belu; Mona Shah, Head of Sustainable Investments and Guy Hudson, Head of Marketing and Communications.
Candidates for nomination can be from any sector or industry, but must be UK-based. Nominations will close in 9 days and can be made via Stonehage Fleming’s dedicated Stonehage Fleming XV website.
For more details about the Four Pillars of Capital and how they can be used as a framework for intergenerational wealth planning, please visit https://www.stonehagefleming.com/fourpillars
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Toto Reissland-Burghart / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7976 098139 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming Agrees To Acquire Rootstock Investment Management’s Business And Assets
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading international multi-family offices, today announces that it has agreed to acquire the business and assets of Rootstock Investment Management (“Rootstock”), an investment firm based in South Africa.
On completion of the transaction, which is subject to regulatory approval, Stonehage Fleming will acquire all the operating activities of Rootstock, including the Rootstock SCI Worldwide Flexible Fund and the Rootstock Global Equity UCITS Fund. This will bring additional scale in AUM and further investment expertise, together with an on the ground presence in Stellenbosch, further strengthening Stonehage Fleming’s position in the South African domestic market.
Subject to regulatory approval, Rootstock Global Equity UCITS Fund will be amalgamated with Stonehage Fleming’s flagship Global Best Ideas Equity fund (“GBI”), managed by Gerrit Smit, Head of Stonehage Fleming Global Equity Management. Rootstock SCI Worldwide Flexible Fund will be renamed the Stonehage Fleming SCI Worldwide Flexible Fund; it will continue to be managed by Johan Barkhuysen, reporting to Gerrit in London.
On completion, Rootstock founder Thys du Toit will join Stonehage Fleming as a Partner.
Chris Merry, Stonehage Fleming Group CEO commented: “We warmly welcome Rootstock and its clients to Stonehage Fleming. We have known Rootstock for many years and are confident of the cultural fit between the firms, already sharing a number of clients. This transaction continues our strategy of supplementing organic growth through select acquisitions and we will continue to look for companies which share Stonehage Fleming’s values and culture, as we have already demonstrated to positive effect with Cavendish in 2020, and Maitland in 2022.
Thys du Toit, founder of Rootstock Investment Management, commented: “Stonehage Fleming and Rootstock’s similar culture, core values and investment philosophy could not be better if by design. Stonehage Fleming is a firm whose investment acumen Rootstock holds in high regard and many of Rootstock’s clients already know and value Stonehage Fleming and Gerrit Smit, a respected industry leader. This new chapter within the Stonehage Fleming family presents an exciting opportunity for us all.”
Stonehage Fleming was advised on the transaction by Stonehage Fleming Advisory and Stonehage Fleming Law.
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Lola Adekaiyaoja
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +44 7427 487 118
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stats as at end of September 2022
Stonehage Fleming Announces Appointment of Group Head of Financial Services
Stonehage Fleming (“the Group”), one of the world’s leading international Family Offices, announces the appointment of Stefan Flachsmann as Group Head of Financial Services.
In this newly created role, Stefan will be responsible for managing and developing Stonehage Fleming’s financial services offering. This includes the Group’s treasury, dealing and custody platforms, the Group’s financial counterparty relationships, and relationships with the Group’s financial partners. Stefan will be based in Zurich and will report directly to Chris Merry, Group CEO.
Stefan has 27 years’ experience in investment and private banking, as well as asset and fund management, and has worked in the US, Europe, and APAC. He joins Stonehage Fleming from UBS where he was Head of Asset Servicing Europe. Stefan joined UBS in 2006 in the Investment Bank where he held various risk positions and was responsible for enhancing its operational risk framework. He was a founding member of the Asset Servicing business in UBS, which included the creation of an institutional wealth platform and solutions for UHNW and institutional clients. Prior to UBS he worked as a risk and management consultant leading global regulatory and banking programmes.
Stonehage Fleming’s Financial Services division forms the fourth pillar of business for the Group, adding to Family Office, Investment Management and Corporate, Legal & Tax Advisory Services.
Commenting on the appointment, Chris Merry, Group CEO of Stonehage Fleming, said: “It is a pleasure to welcome Stefan to Stonehage Fleming. He brings a unique range of client servicing and operational skills and has extensive process and product knowledge of the financial services industry. The combination of Stefan’s commercial and operational acumen, alongside his strategic vision, will be invaluable to the Group as we continue to support some of the world’s leading families and wealth creators across generations and geographies.”
Stefan Flachsmann said: “I am delighted to join Stonehage Fleming to manage and develop the Group’s Financial Services offering. Providing families with state-of-the-art financial solutions underpinned by high quality operational support and execution is key to enable strategic advice and planning services. These combined all help discerning clients to address the challenges of creating and preserving wealth. Stonehage Fleming is a widely respected adviser to many of the world’s leading families and wealth creators and I look forward to being part of the team.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming announces appointments to Group Board
Stonehage Fleming, one of the world’s leading international Family Offices, announces the appointments of Dena Brumpton and Michael Solomon to the Group Board.
Dena is the former Chief Executive of Barclays' Savings, Investments and Wealth Management division and sat on Barclays’ UK Executive Committee. She spent the majority of her executive career at Citigroup, most recently as the Global Chief Operating Officer of the Private Bank.
Dena currently sits on the Board of Scottish Widows Schroders Personal Wealth, Maitland Group, Churchill Capital V (NYSE). She is also an adviser to Mirabaud & Cie, UK and formerly served on Cancer Research UK’s Women of Influence Board and was a member of British Airways International Business Advisory Board.
Michael Solomon joined the Group Board in April, following the successful completion of Stonehage Fleming’s acquisition of Maitland’s Private Client Services business. Michael is a corporate and commercial lawyer with extensive experience in cross border mergers and acquisitions, international tax and corporate finance. Michael’s appointment follows his previous roles as Chairman and more recently as Non-Executive Director of the Maitland Group.
Commenting on the appointments, Chris Merry, Group CEO of Stonehage Fleming, said:
“It is a pleasure to welcome both Dena and Michael to the Stonehage Fleming Group Board. Their extensive experience will be invaluable as they work alongside our existing Board members to shape the future of the business.”
“Stonehage Fleming’s goal is to be the most trusted adviser to successful families and wealth creators. We are actively committed to diversity and inclusion and are proud to have attracted one of the leading women in financial services to our Board. We look forward to working alongside both Dena and Michael to continue to innovate and adapt to the needs of our diverse multi-generational client base.”
Dena Brumpton said:
“I am thrilled to sit on the Board of such a highly respected and trusted business, Stonehage Fleming has a long-standing reputation and has paved the way in being a diverse modern family office. I look forward to working alongside my fellow Board members to further grow the business at what is an exciting time of progression for the Group.”
Michael Solomon, on his appointment to Stonehage Fleming’s Group Board said:
“Following Stonehage Fleming’s acquisition of Maitland’s Private Client Services business, I look forward to taking on this new role on the Stonehage Fleming Board and combining both Maitland’s and Stonehage Fleming’s diverse and comprehensive offerings to our clients.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Judges announced for the inaugural Stonehage Fleming XV
Vick Hope, Caroline Michel, Marcela Navarro and Myriam Vander Elst confirmed as judges for Stonehage Fleming’s women in leadership initiative
Stonehage Fleming, one of the world’s leading international Family Offices, announces the judges for the ‘Stonehage Fleming XV’. Based on the Group’s Four Pillars of Capital proprietary research, the initiative will recognise fifteen female entrepreneurs and business women for their cultural, intellectual, financial and social contributions to society.
The judges each act as an ambassador of one of the Four Pillars of Capital and are:
- Vick Hope, TV and radio presenter, journalist and published author for cultural;
- Caroline Michel, CEO of PFD and Literary and Talent Agent for intellectual;
- Marcela Navarro, CEO & Co-Founder of Project X Global for financial; and
- Myriam Vander Elst, Chief Engagement Officer at Epic Foundation for social.
Chris Merry, CEO of Stonehage Fleming, said: “Launching the Stonehage Fleming XV is an important milestone in our Group’s journey, and we are proud to have these impressive, successful women join us as independent judges. I am looking forward to working alongside them and unveiling our first Stonehage Fleming XV later this year.”
Guy Hudson, Head of Marketing and Communications at Stonehage Fleming, added: “We are thrilled that women of such high calibre will be joining us as our external judges. They each bring experience, insight and wise counsel and will help us identify and celebrate those women who demonstrate the positive characteristics of cultural, intellectual, financial and social capital.”
“Our goal is to create a community where women can connect, collaborate and share experiences with a broad network of those facing similar challenges. This won’t be a one-off, we aim to create significant value in what will become a self-sustaining network.”
Four Stonehage Fleming representatives will complete the judging panel. They are: Chris Merry, Group CEO; Natalie Campbell MBE, member of the Stonehage Fleming UK Advisory Board and Co-CEO of Belu; Mona Shah, Head of Sustainable Investments and Guy Hudson, Head of Marketing and Communications.
Candidates for nomination can be from any sector or industry, but must be UK-based. Nominations will close in 9 days and can be made via Stonehage Fleming’s dedicated Stonehage Fleming XV website.
For more details about the Four Pillars of Capital and how they can be used as a framework for intergenerational wealth planning, please visit https://www.stonehagefleming.com/fourpillars
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Toto Reissland-Burghart / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7976 098139 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming supports the Duke of Edinburgh’s International Award
The Award will be delivered by Afrika Tikkun reaching 685 disadvantaged young people over three years
Stonehage Fleming (“the Group”), the leading independently owned international multi-family office, is pleased to announce its commitment to provide three years of support to The Duke of Edinburgh’s International Award (“the Award”). The donations will directly support the work of the President’s Award for Youth Empowerment in South Africa, helping to engage young people in disadvantaged communities. It will be delivered by the Group’s charitable partner and leading non-profit organisation, Afrika Tikkun.
Established in 1956 by HRH The Prince Philip, Duke of Edinburgh, The Duke of Edinburgh’s International Award is a global framework which empowers young people to learn and grow through non-formal education and learning, all while working towards internationally recognised accreditation. Operating in more than 130 countries and territories, the Award supports 14-25 year olds to develop transferrable skills, get active, cultivate a sense of adventure and volunteer in their community.
The Award is delivered through a range of national and local partners worldwide, including The President’s Award for Youth Empowerment in South Africa, where almost 4,000 young people are currently taking part, supported by 600 volunteers.
Stonehage Fleming has a longstanding relationship with Afrika Tikkun and together they support disadvantaged youth with education and social development. The Award will be available in all five of Afrika Tikkun’s centres across Gauteng and the Western Cape.
Chris Merry, Group CEO of Stonehage Fleming said: “Our new and extended partnership with Afrika Tikkun will allow more young people to take part in The Duke of Edinburgh’s International Award. Through our support, the Award will reach further into the most disadvantaged communities in South Africa, filling a gap and giving equal opportunities to develop essential skills and experience.”
“We are delighted to support such a worthy cause and proud to be part of the Award’s global ambition to reach an additional two million young people. We look forward to seeing the young people who take part grow and learn from their experience.”
John May, Secretary General of The Duke of Edinburgh’s International Award Foundation said: “This is an exciting partnership for the Award, the benefits of which will be shared by hundreds of young people in South Africa over the coming three years. Africa is one of the Award’s fastest growing regions, which makes this partnership with Stonehage Fleming and our friends at Afrika Tikkun all the more relevant. Thank you to Stonehage Fleming, for your support and commitment to young people as they discover their infinite potential through the Award.”
Carole Day, UK CEO of Afrika Tikkun UK said: “We are thrilled to now offer the Award at our centres in South Africa, where the most disadvantaged young people of our communities can come together to enhance their education outside of academia. The Award offers young people the chance to learn skills such as resilience, leadership, agency, and problem solving, giving them an opportunity to excel outside of the classroom with like-minded peers. Stonehage Fleming has been long supporters of the work we do, and we are proud to be able to provide the Award with their continued contribution.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
MEDIA CONTACTS
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +44 7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world.
For more information visit: www.stonehagefleming.com
The Duke of Edinburgh’s International Award is a global, non-formal education and learning framework which challenges young people to develop new skills, get physically active, learn about teamwork and leadership through Adventurous Journey and volunteer within their community.
It was founded by HRH The Prince Philip, The Duke of Edinburgh in 1956, in conjunction with German educationalist Kurt Hahn.
It is known by a range of different names around the world – including The President’s Award in Kenya, DofE in the UK, The International Award for Young People in India and Mednarodno priznanje za mlade (MEPI) in Slovenia.
There are currently more than a million young people completing their own unique Award programme, via hundreds of thousands of youth-focused partners and operators, including schools, youth organisations, examination boards and youth offenders’ institutions.
From running as an established programme in a blind boys’ academy in India, to the introduction into youth organisations in Israel; the Award’s framework can support and thrive in a multitude of different environments.
Since its launch over 60 years ago, millions of young people have participated and received Awards, with millions more benefitting from its impact in communities around the world.
HRH The Earl of Wessex is Chairman of the Board of Trustees for The Duke of Edinburgh’s International Award Foundation.
For more information visit: www.intaward.org
Stonehage Fleming opens gateway office in Miami
Announces appointment of Lowry Brescia as client relationship manager
Today, Stonehage Fleming announces the opening of its new representative office in Florida and the appointment of Lowry Brescia in the position of Client Relationship Manager for the Group in Miami.
The representative office is located in the Brickell Avenue Financial District and is further evidence of Stonehage Fleming’s growing presence in North America. It will serve as a gateway for ultra / high net worth individuals and families in Florida and throughout Latin America to access Stonehage Fleming’s award-winning global network of offices and capabilities. In addition, it will also be a local port of call for professional intermediaries either in, or passing through, the area.
Lowry Brescia’s role as Client Relationship Manager is effective immediately. She will report to Johan van Niekerk, Head of Family Office (US). Lowry joins Stonehage Fleming from Lionheart Capital where she was Vice President of Operations. Prior to this, she spent over a decade at The Cantor Group (formerly Cantor & Webb P.A.), latterly as Director of Client Services & Public Relations. Lowry will work closely with Family Office colleagues across the Group and will focus on developing and managing client relationships, particularly in the Latin American market.
Johan van Niekerk, Head of Family Office (US), said: “We are committed to expanding our capabilities and presence across the United States. We are therefore very pleased to announce the opening of our new representative office in Florida. Miami is the undisputed gateway to reach Latin American clients and we are excited to be able to offer a local presence that meets the needs of clients in this important segment of the market.”
“Lowry’s broad industry experience and contacts gained by working with ultra / high net worth individuals predominantly from Latin America, North America and the Caribbean is hugely valuable as we seek to develop our presence in Florida. Having been based in Florida for two decades and a fluent Spanish speaker, Lowry is firmly embedded in the community and has a clear understanding of the wealth management landscape. I am excited to welcome her on board and look forward to working closely with her in the coming months.”
Lowry Brescia added: “I am thrilled to be supporting Stonehage Fleming’s entry into Florida, and gateway to Latin America with the opening of its representative office in Miami. While ultra /high net worth families may have complex international needs that require our broad global service offering that does not stop them from wanting to have a contact that can provide valuable assistance in their local market.”
The opening of the representative office in Miami, Florida, means that Stonehage Fleming now has a presence in 14 geographies around the world, including an office in Philadelphia, and a representative office in Toronto, Canada.
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming announces new appointments in Jersey
Stonehage Fleming, one of the world’s leading international Family Offices, announces the appointment of Richard Stride as Head of Family Office Jersey, and Bruce Sinclair as Trustee Director in the Jersey Family Office Division.
Richard acts as a Trusted Adviser to wealthy international families and for the past 14 years has assisted with their day-to-day challenges regarding succession, governance and complex wealth requirements. He joined the Stonehage Fleming Group in 2007 and was Head of the Family Office Division in Johannesburg before moving to the Jersey office in 2017.
He succeeds Ana Ventura who will now serve as a Trustee and Key Adviser to a number of Stonehage Fleming’s high net worth international families.
Bruce has 12 years’ legal experience and joins from Standard Bank, where he served as Head of Legal for the Trust and Fiduciary Services Offshore Division, joining in 2017. Bruce led the Fiduciary Legal unit to provide fiduciary and risk related legal advice and support to its front office in relation to the administration of trusts and company structures. Bruce has held various roles including working as a lawyer at Carey Olsen, qualifying from Dickson Minto W.S.
Bruce will work closely with clients, advisors, co-trustees and other divisions and business units within the Stonehage Fleming Group and acts on Stonehage Fleming’s Board of the Jersey and British Virgin Islands Corporate Directors and Trustees. He is based in Jersey and reports to Richard Stride, Head of Family Office Jersey. His appointment is effective immediately.
Commenting on the appointments, Ian Crosby, Chairman of Stonehage Fleming Jersey, said: “It is a pleasure to welcome Bruce to Stonehage Fleming. His extensive technical and commercial experience will be invaluable to our existing talented and dedicated team. His appointment reflects the importance of our continued role as trusted advisers to leading families of the future and wealth creators.”
“We look forward to Richard’s continued work in his new role as Head of Family Office Jersey, and thank Ana for her years of dedication and commitment. Both are extremely valued members of Stonehage Fleming’s Jersey office.”
Bruce Sinclair said: “I am delighted to join Stonehage Fleming and its highly qualified team. I look forward to enhancing our offering and helping individuals and families structure their finances to realise their vision of how their wealth should be managed and passed smoothly down to future generations.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming signs lease on St James’s Square office
Stonehage Fleming, one of the world’s leading independent international multi-Family Offices, has signed a lease for their new London office at 6 St James’s Square, taking over 3 floors which will be refurbished and upgraded to allow for modern working practices. This move allows the company to consolidate its operations onto fewer floors but over a larger overall space in a manner which enhances collaboration across the many different services that the company offers to its clients. Stonehage Fleming will complete the move from their current offices in Suffolk Street, by late Summer or early Autumn 2022.
Chris Merry, Group CEO of Stonehage Fleming said:
“We are excited to move to such a prestigious London location and continue serving our UK and international clients from a larger and more modernized space. This move marks a new chapter for Stonehage Fleming, having been in Suffolk Street since 2007, and it will embrace the next period of growth.”
6 St James’s Square is owned by Pontegadea, a Spanish firm, and currently entirely let to Rio Tinto. Stonehage Fleming are sub-leasing three floors in the building from Rio Tinto until 2029. Savills acted on the transaction on behalf of Stonehage Fleming.
ENDS
MEDIA CONTACTS
Montfort Communications
stonehagefleming@montfort.london
Pippa Bailey | +44 7738 912267
Izzy Garnon | +44 7772207207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at 1 February 2022
Stonehage Fleming supports the Duke of Edinburgh’s International Award
The Award will be delivered by Afrika Tikkun reaching 685 disadvantaged young people over three years
Stonehage Fleming (“the Group”), the leading independently owned international multi-family office, is pleased to announce its commitment to provide three years of support to The Duke of Edinburgh’s International Award (“the Award”). The donations will directly support the work of the President’s Award for Youth Empowerment in South Africa, helping to engage young people in disadvantaged communities. It will be delivered by the Group’s charitable partner and leading non-profit organisation, Afrika Tikkun.
Established in 1956 by HRH The Prince Philip, Duke of Edinburgh, The Duke of Edinburgh’s International Award is a global framework which empowers young people to learn and grow through non-formal education and learning, all while working towards internationally recognised accreditation. Operating in more than 130 countries and territories, the Award supports 14-25 year olds to develop transferrable skills, get active, cultivate a sense of adventure and volunteer in their community.
The Award is delivered through a range of national and local partners worldwide, including The President’s Award for Youth Empowerment in South Africa, where almost 4,000 young people are currently taking part, supported by 600 volunteers.
Stonehage Fleming has a longstanding relationship with Afrika Tikkun and together they support disadvantaged youth with education and social development. The Award will be available in all five of Afrika Tikkun’s centres across Gauteng and the Western Cape.
Chris Merry, Group CEO of Stonehage Fleming said: “Our new and extended partnership with Afrika Tikkun will allow more young people to take part in The Duke of Edinburgh’s International Award. Through our support, the Award will reach further into the most disadvantaged communities in South Africa, filling a gap and giving equal opportunities to develop essential skills and experience.”
“We are delighted to support such a worthy cause and proud to be part of the Award’s global ambition to reach an additional two million young people. We look forward to seeing the young people who take part grow and learn from their experience.”
John May, Secretary General of The Duke of Edinburgh’s International Award Foundation said: “This is an exciting partnership for the Award, the benefits of which will be shared by hundreds of young people in South Africa over the coming three years. Africa is one of the Award’s fastest growing regions, which makes this partnership with Stonehage Fleming and our friends at Afrika Tikkun all the more relevant. Thank you to Stonehage Fleming, for your support and commitment to young people as they discover their infinite potential through the Award.”
Carole Day, UK CEO of Afrika Tikkun UK said: “We are thrilled to now offer the Award at our centres in South Africa, where the most disadvantaged young people of our communities can come together to enhance their education outside of academia. The Award offers young people the chance to learn skills such as resilience, leadership, agency, and problem solving, giving them an opportunity to excel outside of the classroom with like-minded peers. Stonehage Fleming has been long supporters of the work we do, and we are proud to be able to provide the Award with their continued contribution.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
MEDIA CONTACTS
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +44 7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world.
For more information visit: www.stonehagefleming.com
The Duke of Edinburgh’s International Award is a global, non-formal education and learning framework which challenges young people to develop new skills, get physically active, learn about teamwork and leadership through Adventurous Journey and volunteer within their community.
It was founded by HRH The Prince Philip, The Duke of Edinburgh in 1956, in conjunction with German educationalist Kurt Hahn.
It is known by a range of different names around the world – including The President’s Award in Kenya, DofE in the UK, The International Award for Young People in India and Mednarodno priznanje za mlade (MEPI) in Slovenia.
There are currently more than a million young people completing their own unique Award programme, via hundreds of thousands of youth-focused partners and operators, including schools, youth organisations, examination boards and youth offenders’ institutions.
From running as an established programme in a blind boys’ academy in India, to the introduction into youth organisations in Israel; the Award’s framework can support and thrive in a multitude of different environments.
Since its launch over 60 years ago, millions of young people have participated and received Awards, with millions more benefitting from its impact in communities around the world.
HRH The Earl of Wessex is Chairman of the Board of Trustees for The Duke of Edinburgh’s International Award Foundation.
For more information visit: www.intaward.org
Stonehage Fleming opens gateway office in Miami
Announces appointment of Lowry Brescia as client relationship manager
Today, Stonehage Fleming announces the opening of its new representative office in Florida and the appointment of Lowry Brescia in the position of Client Relationship Manager for the Group in Miami.
The representative office is located in the Brickell Avenue Financial District and is further evidence of Stonehage Fleming’s growing presence in North America. It will serve as a gateway for ultra / high net worth individuals and families in Florida and throughout Latin America to access Stonehage Fleming’s award-winning global network of offices and capabilities. In addition, it will also be a local port of call for professional intermediaries either in, or passing through, the area.
Lowry Brescia’s role as Client Relationship Manager is effective immediately. She will report to Johan van Niekerk, Head of Family Office (US). Lowry joins Stonehage Fleming from Lionheart Capital where she was Vice President of Operations. Prior to this, she spent over a decade at The Cantor Group (formerly Cantor & Webb P.A.), latterly as Director of Client Services & Public Relations. Lowry will work closely with Family Office colleagues across the Group and will focus on developing and managing client relationships, particularly in the Latin American market.
Johan van Niekerk, Head of Family Office (US), said: “We are committed to expanding our capabilities and presence across the United States. We are therefore very pleased to announce the opening of our new representative office in Florida. Miami is the undisputed gateway to reach Latin American clients and we are excited to be able to offer a local presence that meets the needs of clients in this important segment of the market.”
“Lowry’s broad industry experience and contacts gained by working with ultra / high net worth individuals predominantly from Latin America, North America and the Caribbean is hugely valuable as we seek to develop our presence in Florida. Having been based in Florida for two decades and a fluent Spanish speaker, Lowry is firmly embedded in the community and has a clear understanding of the wealth management landscape. I am excited to welcome her on board and look forward to working closely with her in the coming months.”
Lowry Brescia added: “I am thrilled to be supporting Stonehage Fleming’s entry into Florida, and gateway to Latin America with the opening of its representative office in Miami. While ultra /high net worth families may have complex international needs that require our broad global service offering that does not stop them from wanting to have a contact that can provide valuable assistance in their local market.”
The opening of the representative office in Miami, Florida, means that Stonehage Fleming now has a presence in 14 geographies around the world, including an office in Philadelphia, and a representative office in Toronto, Canada.
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming announces new appointments in Jersey
Stonehage Fleming, one of the world’s leading international Family Offices, announces the appointment of Richard Stride as Head of Family Office Jersey, and Bruce Sinclair as Trustee Director in the Jersey Family Office Division.
Richard acts as a Trusted Adviser to wealthy international families and for the past 14 years has assisted with their day-to-day challenges regarding succession, governance and complex wealth requirements. He joined the Stonehage Fleming Group in 2007 and was Head of the Family Office Division in Johannesburg before moving to the Jersey office in 2017.
He succeeds Ana Ventura who will now serve as a Trustee and Key Adviser to a number of Stonehage Fleming’s high net worth international families.
Bruce has 12 years’ legal experience and joins from Standard Bank, where he served as Head of Legal for the Trust and Fiduciary Services Offshore Division, joining in 2017. Bruce led the Fiduciary Legal unit to provide fiduciary and risk related legal advice and support to its front office in relation to the administration of trusts and company structures. Bruce has held various roles including working as a lawyer at Carey Olsen, qualifying from Dickson Minto W.S.
Bruce will work closely with clients, advisors, co-trustees and other divisions and business units within the Stonehage Fleming Group and acts on Stonehage Fleming’s Board of the Jersey and British Virgin Islands Corporate Directors and Trustees. He is based in Jersey and reports to Richard Stride, Head of Family Office Jersey. His appointment is effective immediately.
Commenting on the appointments, Ian Crosby, Chairman of Stonehage Fleming Jersey, said: “It is a pleasure to welcome Bruce to Stonehage Fleming. His extensive technical and commercial experience will be invaluable to our existing talented and dedicated team. His appointment reflects the importance of our continued role as trusted advisers to leading families of the future and wealth creators.”
“We look forward to Richard’s continued work in his new role as Head of Family Office Jersey, and thank Ana for her years of dedication and commitment. Both are extremely valued members of Stonehage Fleming’s Jersey office.”
Bruce Sinclair said: “I am delighted to join Stonehage Fleming and its highly qualified team. I look forward to enhancing our offering and helping individuals and families structure their finances to realise their vision of how their wealth should be managed and passed smoothly down to future generations.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey / Isabel Garnon
E: stonehagefleming@montfort.london
T: +44 7738 912267 / +7772 207 207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com
Stonehage Fleming signs lease on St James’s Square office
Stonehage Fleming, one of the world’s leading independent international multi-Family Offices, has signed a lease for their new London office at 6 St James’s Square, taking over 3 floors which will be refurbished and upgraded to allow for modern working practices. This move allows the company to consolidate its operations onto fewer floors but over a larger overall space in a manner which enhances collaboration across the many different services that the company offers to its clients. Stonehage Fleming will complete the move from their current offices in Suffolk Street, by late Summer or early Autumn 2022.
Chris Merry, Group CEO of Stonehage Fleming said:
“We are excited to move to such a prestigious London location and continue serving our UK and international clients from a larger and more modernized space. This move marks a new chapter for Stonehage Fleming, having been in Suffolk Street since 2007, and it will embrace the next period of growth.”
6 St James’s Square is owned by Pontegadea, a Spanish firm, and currently entirely let to Rio Tinto. Stonehage Fleming are sub-leasing three floors in the building from Rio Tinto until 2029. Savills acted on the transaction on behalf of Stonehage Fleming.
ENDS
MEDIA CONTACTS
Montfort Communications
stonehagefleming@montfort.london
Pippa Bailey | +44 7738 912267
Izzy Garnon | +44 7772207207
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at 1 February 2022
Stonehage Fleming bolsters Wealth Planning team with senior hire
Stonehage Fleming, one of the world’s leading international Family Offices, announces the expansion of its Wealth Planning team with the appointment of Nick Toubkin as Director.
Nick will work closely with the existing team and assist in developing and delivering the Wealth Planning offering to the UK and international markets. He will be based in the firm’s London office and will report to Susie Hillier, Partner and Head of Wealth Planning. His appointment is effective immediately.
Nick has over 15 years’ experience in private wealth management. He joins Stonehage Fleming from Strabens Hall Ltd, where he was Senior Client Director, member of the Investment Committee and Senior Management team. He was responsible for advising ultra-high-net-worth (UHNW) and high-net-worth (HNW) international clients on investment consulting, financial planning and wealth structuring services. Prior to that, Nick was a Financial Planner and Wealth Manager at Tilney and in 2006 he began his career at Coutts, appointed to Director and Wealth Manager in 2012. Nick holds a Master of Business Administration (MBA) from IMD Business School, Switzerland.
Stonehage Fleming Wealth Planning sits within the wider Stonehage Fleming Group and provides integrated financial planning and investment advice in the UK across investments, pensions and protection.
Commenting on the appointment Susie Hillier, Head of Wealth Planning, said: “We are very pleased to welcome Nick to the Wealth Planning team. Close relationships and a deep understanding of our clients is at the heart of Stonehage Fleming’s offering. Nick’s wealth of expertise advising international UHNW and HNW individuals with complex needs makes him well suited to contribute significantly to our rapidly expanding, talented team.”
Nick Toubkin said:
“I am thrilled to join Stonehage Fleming. The firm’s depth of knowledge and experience across a range of advisory areas is unparalleled, which combined with its established pedigree and international footprint will continue to make Stonehage Fleming a firm of choice for discerning HNW and UHNW clients. It is an exciting time for me to join the company, and I’m very pleased to have the chance to contribute to the future growth of the firm.
“The needs of our clients are constantly evolving and we as advisers must be able to offer broader servicers and have a deeper understanding of the issues they may face. Stonehage Fleming’s practical wisdom that comes from years of working with similar clients means that they are uniquely positioned to service both the most complex of needs, as well as those which are straightforward. It is an exciting time for the company and it gives me great pleasure to be a part of the journey.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey
stonehagefleming@montfort.london
+44 7738 912267
NOTES TO EDITORS
ABOUT STONEHAGE FLEMING
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at 1 February 2022
Stonehage Fleming partners with Thrive Jersey to support “GROW” initiative
Stonehage Fleming is pleased to announce its partnership with Thrive Jersey to support GROW, a community-led initiative aimed at addressing multiple social issues that drive low mood and disengagement within the Jersey community.
GROW is an inclusive outdoor community project that plants, nurtures and harvests the widest array of fresh produce to be distributed to those on the island who do not have ready access to nutritional food. It provides innovative wellbeing, education and employment opportunities within an outdoor environment, whilst championing issues such as climate change, sustainable transport and community nutritional deficit. Thrive Jersey’s ethos is based on a collaborative approach to resolving community issues and in time aims to be mapped through initiatives including the United Nations Sustainable Development Goals (UN SDGs), and GROW aligns to no fewer than eleven of the seventeen goals.
According to the Jersey Statistics Unit approximately 26% of all households and 23% of individuals were in relative low income, including over half of single parent families, one in three working-age adults, one in three children and one in three pensioners1. This has a direct impact on the affordability of fresh fruit and vegetables which in turn leads to poor physical health, obesity and low self-esteem.
Guy Gilson, Partner at Stonehage Fleming said: “We are delighted to support Thrive Jersey’s GROW initiative and its mission to demonstrate how community, parishes and government can join together to implement inspiring and inclusive solutions to social issues. It is a pleasure to support such a worthy cause, and one which resonates so well with Stonehage Fleming’s social capital. We commend Andy on his vision for the welfare of those on the island.”
Andy Le Seelleur, Co-Founder of Thrive Jersey: “Jersey is facing an unprecedented crossroads in social development as a result of a number of internal and external threats including climate change, population growth, physical and mental health, Covid-19, reductions in agricultural green space and nutritional deficits within the lower socio-economic demographic. For many whose mood is low, the priority is more on surviving than thriving. GROW is an innovative project aimed at tackling Jersey’s social issues and we thank Stonehage Fleming for all their support to help influence positive change.”
1 - Jersey Statistics Unit - https://www.gov.je/Government/JerseyInFigures/EmploymentEarnings/Pages/EarningsIncomeStatistics.aspx
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
MEDIA CONTACTS
Montfort Communications
Pippa Bailey
+44 (0)20 3770 7913
stonehagefleming@montfort.london
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD55bn) of assets and includes an investment business with more than GBP16bn (USD21bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 16 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at end of December 2021
Thrive Jersey
Thrive Jersey was formed in 2019 and became an Incorporated Association in 2021. It is a fully-inclusive collective of inspiring individuals passionate about identifying the key social issues that drive low mood and disengagement within the island, raising awareness of these issues and seeking innovative, inspirational solutions. Having adopted the United Nations Sustainable Development Goals as its overarching strategy, Thrive is able to harness the powers of a common global community passionate about positive change in a smart, innovative way. Thrive Jersey focuses on addressing the root cause of social issues rather than simply fighting the fires and achieves this by:
- Identifying which social issues are having the largest impact on community mood and wellbeing
- Linking with other similar community innovators around the world to identify potential solutions which have a proven track record of success
- Harnessing inspirational, creative islanders to join together in collaborative initiatives, reducing silo thinking and operating and maximizing effectiveness.
Thrive has become a widely-recognised brand in Jersey and has played a fundamental role in the creation of the Jersey Suicide Prevention Alliance. Other pipeline initiatives include the creation of a community data portal and a centre for practical community skills development. Thrive’s founders have been responsible for successful community initiatives including Le Tournoi Charity Sports, Wetwheels Jersey and the Jersey Literary Festival. The GROW team includes the Founder of Plastic Free Jersey and The Good Jersey Life.
Stonehage Fleming announces completion of acquisition of private client services business of Maitland
01 Feb 2022
Stonehage Fleming announces completion of acquisition of private client services business of Maitland
Stonehage Fleming (“Stonehage Fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces the completion of its acquisition of the Private Client Services business of Maitland, a privately owned global advisory, administration and family office firm. The transaction was announced on 21 July 2021.
Maitland’s Private Client Services business is now part of Stonehage Fleming, bringing legal, fiduciary, corporate and investment management services in 9 locations internationally. The transaction adds £1bn of AUM and £15bn of AUA, taking Stonehage Fleming’s AUM to over £16bn and AUA to over £60bn.
Chris Merry, Stonehage Fleming Group CEO commented: “We are excited to welcome the Maitland Private Client Services team and their clients to Stonehage Fleming. Making selected acquisitions to enhance our proposition alongside organic growth is part of our strategic plan; we will continue to look for more opportunities to complement our existing business and bring our differentiated and comprehensive offering to new clients.”
ENDS
MEDIA CONTACTS
UK / Europe - Montfort Communications
Gay Collins/ Pippa Bailey
stonehagefleming@montfort.london
+44 7798 626282 / +44 7738 912267
South Africa - CDcom
Claire Densham / Lucie Osman
claire@cdcom.co.za / lucie@cdcom.co.za
+27 21 552 9935 / +27 21 813 6546
NOTES TO EDITORS:
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at 1 February 2022
Stonehage Fleming expands the US family office team
Stonehage Fleming (“Stonehage Fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces the appointment of Joshua Runyan to further expand its Family Office team in the US.
Joshua is an experienced practicing attorney, focused on the U.S. and international tax planning. At Stonehage Fleming he will assist individuals and families regarding United States tax planning, closely held business succession planning, intergenerational wealth transfers, planned charitable giving, and tax controversy representation.
Prior to joining the Group, he practiced law at Montgomery, McCracken, Walker & Rhoads LLP and served as a member of the firm’s Benefits Committee. Before this, Josh was an accomplished journalist, working as senior editorial director of a regional publishing firm and editor-in-chief of several publications.
The appointment was effective from 13 September 2021. Joshua will be based in the Philadelphia office and report to Peter Rosenberg, Head of North America.
Peter Rosenberg, Partner & Head of North America, Stonehage Fleming said:
“Joshua will bring new experience and exciting networking opportunities to our US team, as we continue to grow our reach and opportunities provided to US residents who are seeking tailored and unique wealth management solutions. The growth of the team reflects our commitment to giving on the ground relationship management advice to our clients, both current and future, and strengthens our opportunities based across the US and Canada.”
ENDS
MEDIA CONTACTS
UK / Europe
Montfort Communications
Gay Collins/ Pippa Bailey
stonehagefleming@montfort.london
+44 203 770 7913 / +44 7798 626282
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP45bn (USD55bn) of assets and includes an investment business with more than GBP15.2bn (USD21bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 600 people in 11 offices in eight geographies around the world. Find out more at: www.stonehagefleming.com
Statistics as at end of July 2021
Stonehage Fleming bolsters Wealth Planning team with senior hire
Stonehage Fleming, one of the world’s leading international Family Offices, announces the expansion of its Wealth Planning team with the appointment of Nick Toubkin as Director.
Nick will work closely with the existing team and assist in developing and delivering the Wealth Planning offering to the UK and international markets. He will be based in the firm’s London office and will report to Susie Hillier, Partner and Head of Wealth Planning. His appointment is effective immediately.
Nick has over 15 years’ experience in private wealth management. He joins Stonehage Fleming from Strabens Hall Ltd, where he was Senior Client Director, member of the Investment Committee and Senior Management team. He was responsible for advising ultra-high-net-worth (UHNW) and high-net-worth (HNW) international clients on investment consulting, financial planning and wealth structuring services. Prior to that, Nick was a Financial Planner and Wealth Manager at Tilney and in 2006 he began his career at Coutts, appointed to Director and Wealth Manager in 2012. Nick holds a Master of Business Administration (MBA) from IMD Business School, Switzerland.
Stonehage Fleming Wealth Planning sits within the wider Stonehage Fleming Group and provides integrated financial planning and investment advice in the UK across investments, pensions and protection.
Commenting on the appointment Susie Hillier, Head of Wealth Planning, said: “We are very pleased to welcome Nick to the Wealth Planning team. Close relationships and a deep understanding of our clients is at the heart of Stonehage Fleming’s offering. Nick’s wealth of expertise advising international UHNW and HNW individuals with complex needs makes him well suited to contribute significantly to our rapidly expanding, talented team.”
Nick Toubkin said:
“I am thrilled to join Stonehage Fleming. The firm’s depth of knowledge and experience across a range of advisory areas is unparalleled, which combined with its established pedigree and international footprint will continue to make Stonehage Fleming a firm of choice for discerning HNW and UHNW clients. It is an exciting time for me to join the company, and I’m very pleased to have the chance to contribute to the future growth of the firm.
“The needs of our clients are constantly evolving and we as advisers must be able to offer broader servicers and have a deeper understanding of the issues they may face. Stonehage Fleming’s practical wisdom that comes from years of working with similar clients means that they are uniquely positioned to service both the most complex of needs, as well as those which are straightforward. It is an exciting time for the company and it gives me great pleasure to be a part of the journey.”
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
Montfort Communications
Pippa Bailey
stonehagefleming@montfort.london
+44 7738 912267
NOTES TO EDITORS
ABOUT STONEHAGE FLEMING
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at 1 February 2022
Stonehage Fleming partners with Thrive Jersey to support “GROW” initiative
Stonehage Fleming is pleased to announce its partnership with Thrive Jersey to support GROW, a community-led initiative aimed at addressing multiple social issues that drive low mood and disengagement within the Jersey community.
GROW is an inclusive outdoor community project that plants, nurtures and harvests the widest array of fresh produce to be distributed to those on the island who do not have ready access to nutritional food. It provides innovative wellbeing, education and employment opportunities within an outdoor environment, whilst championing issues such as climate change, sustainable transport and community nutritional deficit. Thrive Jersey’s ethos is based on a collaborative approach to resolving community issues and in time aims to be mapped through initiatives including the United Nations Sustainable Development Goals (UN SDGs), and GROW aligns to no fewer than eleven of the seventeen goals.
According to the Jersey Statistics Unit approximately 26% of all households and 23% of individuals were in relative low income, including over half of single parent families, one in three working-age adults, one in three children and one in three pensioners1. This has a direct impact on the affordability of fresh fruit and vegetables which in turn leads to poor physical health, obesity and low self-esteem.
Guy Gilson, Partner at Stonehage Fleming said: “We are delighted to support Thrive Jersey’s GROW initiative and its mission to demonstrate how community, parishes and government can join together to implement inspiring and inclusive solutions to social issues. It is a pleasure to support such a worthy cause, and one which resonates so well with Stonehage Fleming’s social capital. We commend Andy on his vision for the welfare of those on the island.”
Andy Le Seelleur, Co-Founder of Thrive Jersey: “Jersey is facing an unprecedented crossroads in social development as a result of a number of internal and external threats including climate change, population growth, physical and mental health, Covid-19, reductions in agricultural green space and nutritional deficits within the lower socio-economic demographic. For many whose mood is low, the priority is more on surviving than thriving. GROW is an innovative project aimed at tackling Jersey’s social issues and we thank Stonehage Fleming for all their support to help influence positive change.”
1 - Jersey Statistics Unit - https://www.gov.je/Government/JerseyInFigures/EmploymentEarnings/Pages/EarningsIncomeStatistics.aspx
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT
MEDIA CONTACTS
Montfort Communications
Pippa Bailey
+44 (0)20 3770 7913
stonehagefleming@montfort.london
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD55bn) of assets and includes an investment business with more than GBP16bn (USD21bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 16 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at end of December 2021
Thrive Jersey
Thrive Jersey was formed in 2019 and became an Incorporated Association in 2021. It is a fully-inclusive collective of inspiring individuals passionate about identifying the key social issues that drive low mood and disengagement within the island, raising awareness of these issues and seeking innovative, inspirational solutions. Having adopted the United Nations Sustainable Development Goals as its overarching strategy, Thrive is able to harness the powers of a common global community passionate about positive change in a smart, innovative way. Thrive Jersey focuses on addressing the root cause of social issues rather than simply fighting the fires and achieves this by:
- Identifying which social issues are having the largest impact on community mood and wellbeing
- Linking with other similar community innovators around the world to identify potential solutions which have a proven track record of success
- Harnessing inspirational, creative islanders to join together in collaborative initiatives, reducing silo thinking and operating and maximizing effectiveness.
Thrive has become a widely-recognised brand in Jersey and has played a fundamental role in the creation of the Jersey Suicide Prevention Alliance. Other pipeline initiatives include the creation of a community data portal and a centre for practical community skills development. Thrive’s founders have been responsible for successful community initiatives including Le Tournoi Charity Sports, Wetwheels Jersey and the Jersey Literary Festival. The GROW team includes the Founder of Plastic Free Jersey and The Good Jersey Life.
Stonehage Fleming announces completion of acquisition of private client services business of Maitland
Stonehage Fleming (“Stonehage Fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces the completion of its acquisition of the Private Client Services business of Maitland, a privately owned global advisory, administration and family office firm. The transaction was announced on 21 July 2021.
Maitland’s Private Client Services business is now part of Stonehage Fleming, bringing legal, fiduciary, corporate and investment management services in 9 locations internationally. The transaction adds £1bn of AUM and £15bn of AUA, taking Stonehage Fleming’s AUM to over £16bn and AUA to over £60bn.
Chris Merry, Stonehage Fleming Group CEO commented: “We are excited to welcome the Maitland Private Client Services team and their clients to Stonehage Fleming. Making selected acquisitions to enhance our proposition alongside organic growth is part of our strategic plan; we will continue to look for more opportunities to complement our existing business and bring our differentiated and comprehensive offering to new clients.”
ENDS
MEDIA CONTACTS
UK / Europe - Montfort Communications
Gay Collins/ Pippa Bailey
stonehagefleming@montfort.london
+44 7798 626282 / +44 7738 912267
South Africa - CDcom
Claire Densham / Lucie Osman
claire@cdcom.co.za / lucie@cdcom.co.za
+27 21 552 9935 / +27 21 813 6546
NOTES TO EDITORS:
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .
Statistics as at 1 February 2022
Stonehage Fleming expands the US family office team
Stonehage Fleming (“Stonehage Fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces the appointment of Joshua Runyan to further expand its Family Office team in the US.
Joshua is an experienced practicing attorney, focused on the U.S. and international tax planning. At Stonehage Fleming he will assist individuals and families regarding United States tax planning, closely held business succession planning, intergenerational wealth transfers, planned charitable giving, and tax controversy representation.
Prior to joining the Group, he practiced law at Montgomery, McCracken, Walker & Rhoads LLP and served as a member of the firm’s Benefits Committee. Before this, Josh was an accomplished journalist, working as senior editorial director of a regional publishing firm and editor-in-chief of several publications.
The appointment was effective from 13 September 2021. Joshua will be based in the Philadelphia office and report to Peter Rosenberg, Head of North America.
Peter Rosenberg, Partner & Head of North America, Stonehage Fleming said:
“Joshua will bring new experience and exciting networking opportunities to our US team, as we continue to grow our reach and opportunities provided to US residents who are seeking tailored and unique wealth management solutions. The growth of the team reflects our commitment to giving on the ground relationship management advice to our clients, both current and future, and strengthens our opportunities based across the US and Canada.”
ENDS
MEDIA CONTACTS
UK / Europe
Montfort Communications
Gay Collins/ Pippa Bailey
stonehagefleming@montfort.london
+44 203 770 7913 / +44 7798 626282
NOTES TO EDITORS
Stonehage Fleming is one of the world’s leading independently owned multi- family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to the world’s leading families and wealth creators. The Group advises on over GBP45bn (USD55bn) of assets and includes an investment business with more than GBP15.2bn (USD21bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 600 people in 11 offices in eight geographies around the world. Find out more at: www.stonehagefleming.com
Statistics as at end of July 2021