Stonehage Fleming, one of the world’s leading independently owned family offices, announces the opening of its new Canadian representative office, Stonehage Fleming (Canada) Inc. The office, located in Toronto, will be led by Mike Moodie who has been appointed Partner, having served as a Consultant to the Group and Board Member of Stonehage Fleming’s US operating company.
The representative office, opened in April 2017, is located in the heart of Toronto’s financial district at First Canadian Place and will serve as a gateway for high net worth Canadian residents with international needs to access Stonehage Fleming’s award-winning global network of offices and capabilities.
Mike Moodie’s role as Partner is effective immediately, reporting to Mark McMullen, CEO of Family Office at Stonehage Fleming. Mike will work closely with Stonehage Fleming’s Zurich office, which is authorised to handle the investment affairs of select Canadian resident clients, as well as, Peter Rosenberg, Partner and Head of our office in the US, and Stonehage Fleming’s London and Jersey offices in the British Isles.
Commenting on the announcement, Mark McMullen, CEO, Family Office at Stonehage Fleming said: “We are pleased to announce Mike’s appointment to Partner and the opening of our new representative office in Toronto. This demonstrates our commitment to providing holistic cross-border wealth management solutions to international families with interests in North America, as well as on the ground relationship management support to our existing clients based in Canada.
“Mike’s broad industry experience and contacts gained during a 30 year career with RBC, where as a senior executive he was responsible for growing the international wealth management businesses during subsequent postings in Canada, The Caribbean, USA and UK, make him a valuable asset for our growth ambitions as the leading international family office firm globally.”
Mike Moodie added: “I am excited to have been given the opportunity to lead the Canadian representative office as we seek to broaden our reach to Canadian residents looking for access to tailored wealth management solutions for their cross-border needs and objectives.
“In today’s complex world, it is increasingly likely that high net worth families need cross-border support to help simplify and coordinate their affairs, due to family members, assets, or business investments being spread across multiple jurisdictions. I strongly believe that Stonehage Fleming’s award-winning capabilities, cherished heritage as an international family office and independent ownership, will not only be welcomed but also align well with the long-term interests of Canadian resident clients who have cross-border profiles.”
In the two years since the merger that created Stonehage Fleming, the Group has won over 60 new mandates from clients and now looks after well over 250 substantial families globally. Assets under administration and management stand at over GBP35bn (USD43bn) (to December 2016) and the Group employs over 520 staff in eight jurisdictions. The firm is the largest Family Office in the EMEA region, ideally placed to understand and respond to the complex and rapidly evolving economic and political environment.