Stonehage and Fleming Family & Partners merge to create large family office group

Posted: 07/11/2014

The Boards of Stonehage and Fleming Family & Partners (FF&P) are to combine to form the EMEA region’s largest international multi-family office (MFO) group, to be called Stonehage Fleming Family and Partners (SF&P).

The Group will be the largest independent multi-family office business in the EMEA region. The combined

business will serve a client base of over 250 families, and will manage, advise, and/or administer over US$43bn (£27bn) of assets. This will include an investment business with more than $11bn (£7bn) under management for families and charities.

SF&P will have combined revenues of approximately $160 million (£100 million), and employ over 500 staff in 14 offices, across 7 countries. The Group will be majority owned by management and staff.

SF&P will be led by Giuseppe Ciucci, current Chief Executive of Stonehage Group. Adam Fleming, Chairman of FF&P, and Mark Davies, CEO, will join the SF&P board together with Lord Renwick, presently the FF&P Deputy Chairman.


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