Stonehage Fleming Raises $159 Million For 2025 Fund in Private Capital Annual Vintage Programme
09 Sep 2025
Stonehage Fleming Raises $159 Million For 2025 Fund in Private Capital Annual Vintage Programme
Stonehage Fleming, one of the world’s leading multi-family offices, today announces the final close of the Stonehage Fleming Global Private Capital Fund 2025 at $159 million.
The Global Private Capital 2025 Fund is 10th in a series of annual funds for Stonehage Fleming’s Private Capital Annual Vintage Programme (“AVP”). Each fund invests in approximately eight best-in-class managers that will provide underlying exposure to approximately 100-150 high quality portfolio companies.
The AVP is an innovative solution seeking to offer Stonehage Fleming clients access to top-performing segments of the private equity market through a concentrated portfolio, together with accelerated deployment of capital and minimal administrative burden for investors.
The programme’s disciplined portfolio construction aims to lower the risk profile for its clients, as compared with many of the alternatives. By deploying a significant proportion of the fund at inception, the programme captures the benefits of private markets from day one and avoids the initial negative returns and cash flows typically experienced by private equity investors in the early days of their portfolio.
Stonehage Fleming has committed a total of over $1.5 billion to private capital markets since 2001. The 2025 Fund will continue the team’s primary investment strategy of focusing on the small and mid-market segments globally.
Mat Powley, Partner and Head of Private Capital, Stonehage Fleming said: “We are proud to announce the closing of our latest fund at $159 million, taking our total private capital AUM past $1 billion. This milestone is a powerful validation of our team, our strategy, and the opportunities we continue to capture across private markets. We are excited to build on this momentum alongside leading managers to deliver lasting value for our clients.”
Meiping Yap, Director and Co-Head of the Stonehage Fleming Private Capital Annual Vintage Programme, said:
“We are excited to celebrate the Annual Vintage Programme’s tenth anniversary this year, with over 100 families in the 2025 Fund. Since its inception, the Annual Vintage Programme has delivered strong and consistent returns through partnering with top performing private equity managers in the small and mid-market segments across North America, Europe and Asia.”
Edward McDonald, Head of Business Development for Stonehage Fleming Private Capital, said:
“The Stonehage Fleming Private Capital Annual Vintage Programme is a key part of the Stonehage Fleming investment proposition and we are extremely pleased by the strong support from both new and existing investors for this strategy. The successful close of our tenth vintage is an endorsement of the experienced team and the unique benefits of our approach.”
Stonehage Fleming Appoints Patrick Guarda As Global Head of Insurance Solutions
Stonehage Fleming (“Stonehage Fleming” or the “Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Patrick Guarda as Global Head of Insurance Solutions. Patrick will be based in Zurich and report directly to Mark McMullen, Partner and CEO, Family Office. His appointment takes effect on 1st September 2025.
Patrick joins Stonehage Fleming from UBS where he served as Head of Wealth Planning Life Insurance Europe & Switzerland and Chairman of the Board of UBS’ in-house French insurance broker. He brings more than 20 years of leadership experience in life insurance, wealth planning and tax, having led expert teams across multiple insurance products, locations and markets and spearheaded the expansion of the insurance distribution business. Prior to his time at UBS, Patrick worked as a tax adviser for top-tier international law firms including Clifford Chance and SJ Berwin. Patrick holds advanced degrees in Law, Finance and Wealth Management, and was admitted to the Paris Bar in 2001.
In his capacity as Global Head of Insurance Solutions, a newly-created role, Patrick will build out and lead Stonehage Fleming’s insurance solutions globally across the firm’s offices, product types and client markets. His immediate strategic priorities will be firstly to grow the Private Placement Life Insurance (PPLI) distribution offering of the Luxembourg office for clients resident in the European Economic Area (EEA), initially focusing on France, Italy, Belgium and Spain; and secondly to further expand and systematise the Group’s property insurance distribution offering through the Jersey office, notably for assets held in Stonehage Fleming trusts, such as fine art and collectibles, real estate, jewellery, cars, vessels and aircraft.
Long term, Patrick will coordinate the phased rollout of the Group’s insurance solutions in other priority markets such as the UK, South Africa, Switzerland and the United States. A global governance framework will be established to expedite this rollout, with consistent standards across locations for product oversight and regulatory compliance, risk management and controls, pricing discipline, and operations.
Insurance Solutions will complement Stonehage Fleming’s existing client proposition by providing new tax‑suitable wealth structuring, asset protection and succession planning tools that will integrate with the Group’s wealth management, investment management and trust services.
Commenting on the appointment, Mark McMullen, Family Office CEO of Stonehage Fleming, said: “We are all very excited to work with Patrick, who brings a wealth of deep knowledge and experience to what will be a critically important role in expanding Stonehage Fleming’s insurance solutions offering globally.”
Patrick Guarda said: “I am delighted to join Stonehage Fleming to grow and lead its insurance offerings. Providing families with internationally mobile insurance solutions is critical to deliver on our client promise. These solutions will help our clients manage and protect their wealth over geographies and generations. I am proud to join a globally renowned wealth adviser such as Stonehage Fleming, and I look forward to our future successes.”
Corient Announces Global Expansion Through Addition of Stonehage Fleming and Stanhope Capital Group, Creating $430-Billion Independent Ultra-High-Net-Worth Wealth Manager
02 Sep 2025
Corient Announces Global Expansion Through Addition of Stonehage Fleming and Stanhope Capital Group, Creating $430-Billion Independent Ultra-High-Net-Worth Wealth Manager
Corient to become the world’s largest non-bank wealth manager and world’s largest multi-family office focused on ultra-high and high-net-worth clients
Data are based on the latest available information as indicated below.
MIAMI and LONDON (September 2, 2025) – Corient, one of the largest and fastest-growing national wealth advisors in the U.S., today announced the addition of Stonehage Fleming, one of the world’s leading independently owned multi-family offices, and Stanhope Capital Group (“Stanhope Capital”), one of Europe’s largest independent wealth management and advisory firms.
Together, Stonehage Fleming and Stanhope Capital will bring more than $214 billion in client assets to Corient, as well as distinct but complementary strengths. This move marks a significant expansion of Corient’s global reach, establishing a presence in Europe, the Middle East, and Africa and further deepening the firm’s expertise in serving ultra-high-net-worth (UHNW) families.
“With this expansion, Corient becomes the world’s largest independent advisory firm focused on the holistic needs of ultra-high-net-worth and high-net-worth clients,” said Kurt MacAlpine, Partner and Chief Executive Officer of Corient. “This combination of three storied firms creates a truly global wealth manager and multi-family office with formidable resources and deep expertise in serving the world’s wealthiest individuals and families.
“By integrating the strengths of each organization, Corient will be able to deliver seamless, end-to-end service to clients anywhere in the world – in a way that doesn’t exist today,” Mr. MacAlpine said. “Furthermore, our advantage extends beyond capabilities to how we deliver them. Under our international partnership, which will consist of more than 300 firm owners aligned under one vision, we’re building a new type of wealth management firm, one that is global, collaborative and evolving to meet the dynamic needs of sophisticated clients.”
As part of the transaction, Corient’s private partnership model, under which more than 260 Partners own and operate the firm, will be extended to the international operations.
“Our unique partnership structure was an important factor in attracting these prestigious firms to Corient,” Mr. MacAlpine said. “The partnership allows us to serve clients differently. Unlike most wealth management models that limit the client experience to a single advisor, the Corient partnership fosters teamwork across our expansive roster of experienced advisors and other professionals – ensuring that clients benefit from the capabilities of the firm as a whole. We are excited to extend our partnership to our international colleagues to create the first global professional services partnership in wealth management.”
Stonehage Fleming is a global leader in family office and fiduciary services, with nearly 50 years of experience supporting some of the world’s most prominent families and wealth creators. With over $175 billion in combined assets – as well as offices in 12 jurisdictions – the firm’s comprehensive offering includes cross-border and multi-generational structuring, wealth and investment management, governance and succession planning, legal and tax advisory, trust and fiduciary, philanthropic and art management services. With deep roots as advisor to international families, including the Fleming family, the firm embraces values of moral courage, family and excellence that strongly align with Corient’s culture.
“This next chapter enables us to remain true to our history while expanding our reach and impact for clients,” said Giuseppe Ciucci, Executive Chairman of Stonehage Fleming. “Corient shares our commitment to integrity and excellence, while its robust value proposition for ultra-high-net-worth clients will provide even greater scale and resources to the benefit of the families we serve. We also see Corient as the perfect home for our people, given its unique partnership model and commitment to collaboration and professionalism.”
Stanhope Capital, founded in 2004 by Daniel Pinto, is one of Europe’s largest independent wealth management and advisory firms, with close to $40 billion in assets. The firm provides services across wealth management, consulting, merchant banking and private investments, with a team comprising seasoned investment professionals and former executives from leading global financial institutions. Stanhope has built its reputation on three core pillars: objectivity, alignment of interest, and innovation – principles that mirror Corient’s fiduciary model.
The Stanhope Capital Group includes New York-based FWM Holdings, owner of FFT Wealth Management, a multi-family office that provides investment management and family office services to ultra-high-net-worth families in the United States and globally.
“Since our firm’s inception, we’ve focused on providing objective, innovative advice and solutions that put our clients’ interests first,” said Mr. Pinto, Chairman of the Board, Chief Executive Officer and Founding Partner at Stanhope Capital. “Joining Corient allows us to accelerate these efforts alongside a team that understands the importance of unbiased, client-centered service. We’re excited about joining the Corient partnership and the expanded capabilities this combination brings to the families and institutions we serve.”
Mr. Ciucci added: “Stonehage Fleming and Stanhope have known each other well for many years; our relationship is characterized by mutual respect and cultural compatibility, and we have a number of valued clients in common. We are looking forward to working together more closely in this exciting new partnership with Corient.”
“Giuseppe and Daniel and their teams have each built truly impressive, world-class fiduciary and advisory firms,” said Mr. MacAlpine. “We’re honored and delighted that such prominent companies have chosen to join Corient. I believe that collectively, we have unrivaled experience in meeting the distinct needs of ultra-high-net-worth clients.”
Upon closing of the transactions, the business will operate globally as Corient1. Mr. Ciucci will be Partner and Chairman and Mr. Pinto will be Partner and Chief Executive Officer of Corient’s international business. Both will join Corient’s global Board of Directors. Stuart Parkinson, the Chief Executive Officer of Stonehage Fleming, will be Partner and President of Corient’s international business. Keith M. Bloomfield, Founder and CEO of FFT Management, will join as Partner, Vice Chairman. Mr. Ciucci, Mr. Pinto and other members of their executive teams will become Partners and significant equity holders in Corient.
Corient is a fiduciary, fee-only wealth management firm distinguished by its unique private partnership model, similar to leading professional services firms. This structure allows clients to access the broad array of expertise and resources available at Corient, rather than relying solely on the advisor assigned to them. The approach is designed to foster collaboration and teamwork in pursuit of the shared vision to deliver incomparable client excellence. Since its founding in 2020, Corient has grown rapidly and today has more than 260 partners and over 1,300 employees managing approximately $216 billion on behalf of ultra-high and high-net-worth individuals, families and businesses across the United States.
The acquisitions are being funded with an equity contribution and are expected to close in the first half of 2026. Terms were not disclosed.
Jefferies is serving as lead financial advisor and Goldman Sachs & Co LLC is serving as financial advisor to Corient. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Corient. Spencer House Partners LLP is serving as financial advisor and Macfarlanes LLP is serving as legal counsel to Stonehage Fleming. Rothschild & Co is serving as financial advisor and Macfarlanes LLP is serving as lead legal counsel to Stanhope Capital alongside Dechert LLP and Borel & Barbey.
About Corient
Corient Private Wealth LLC is an integrated national U.S. wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients. We combine the personal service, creativity and objective advice of a boutique with the power of an exclusive network of experienced advisors, capabilities and solutions to create a profoundly different wealth experience. As fiduciaries, we put our clients at the center of everything we do. We focus on exceeding expectations, simplifying lives and establishing lasting legacies. Headquartered in Miami, Corient has offices across the United States. For more information, visit corient.com.
Corient client assets are as of July 31, 2025, and reflect the aggregate assets of Corient Holdings Inc. (“Holdings”), Corient Private Wealth LLC’s upstream U.S. holding company. Client assets include the assets in which Holdings has a majority or minority investment and signed, but not yet closed transactions in the U.S. Certain assets are not considered Regulatory Assets Under Management, as defined by the SEC and reported in Corient Private Wealth LLC’s Form ADV. Stonehage Fleming assets are as of December 31, 2024; Stanhope Capital Group assets are as of July 31, 2025.
- Corient’s global wealth management business will consist of Corient Private Wealth and a new subsidiary of CI Financial Corp.’s parent company that will acquire Stonehage Fleming and Stanhope Capital.
Media Contacts
United States
Jimmy Moock
Managing Partner, StreetCred
610-304-4570
Canada
Murray Oxby
Vice-President, Corporate Communications
CI Financial
1-416-681-3254
Stonehage Fleming Announces Director Promotions Across Group
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, announces a series of promotions to Director across the Group’s services and global footprint.
In the Family Office division, Darryn Faulds, Ryno Visagie and Luan Fouche (Johannesburg), Keri Breadner and Tessa Burrows (Isle of Man), Leanne Stuart (Jersey) and Udayesing Bheergoonath (Mauritius) have been promoted to Director.
In Investment Management, Archie Burt, Mark Leshnick, Miki Caves and Philip Richardson (London) and Brad Fainsinger (Johannesburg) have been promoted to Director.
Cecile Schlub in Legal & Tax Advisory (Monaco) has also been promoted to Director, as have Eugene Johannes (Cape Town), Michelle Weipers (Isle of Man) and Stefano Marzo (Neuchatel) in Group Services.
The new cohort of Directors are accompanied by 12 promotions to Associate Director, 16 promotions to manager and 25 promotions to Senior Associate across the Group’s offices and services.
Stuart Parkinson, CEO, Stonehage Fleming said: “We are proud to recognise the milestone achievements of our colleagues who have received these promotions. Commitment, professional growth and leadership drive results and shape our culture and Stonehage Fleming is dedicated to celebrating this success and supporting one another as we continue to grow together. Many congratulations to those recognised this year.”
Stonehage Fleming Raises $159 Million For 2025 Fund in Private Capital Annual Vintage Programme
Stonehage Fleming, one of the world’s leading multi-family offices, today announces the final close of the Stonehage Fleming Global Private Capital Fund 2025 at $159 million.
The Global Private Capital 2025 Fund is 10th in a series of annual funds for Stonehage Fleming’s Private Capital Annual Vintage Programme (“AVP”). Each fund invests in approximately eight best-in-class managers that will provide underlying exposure to approximately 100-150 high quality portfolio companies.
The AVP is an innovative solution seeking to offer Stonehage Fleming clients access to top-performing segments of the private equity market through a concentrated portfolio, together with accelerated deployment of capital and minimal administrative burden for investors.
The programme’s disciplined portfolio construction aims to lower the risk profile for its clients, as compared with many of the alternatives. By deploying a significant proportion of the fund at inception, the programme captures the benefits of private markets from day one and avoids the initial negative returns and cash flows typically experienced by private equity investors in the early days of their portfolio.
Stonehage Fleming has committed a total of over $1.5 billion to private capital markets since 2001. The 2025 Fund will continue the team’s primary investment strategy of focusing on the small and mid-market segments globally.
Mat Powley, Partner and Head of Private Capital, Stonehage Fleming said: “We are proud to announce the closing of our latest fund at $159 million, taking our total private capital AUM past $1 billion. This milestone is a powerful validation of our team, our strategy, and the opportunities we continue to capture across private markets. We are excited to build on this momentum alongside leading managers to deliver lasting value for our clients.”
Meiping Yap, Director and Co-Head of the Stonehage Fleming Private Capital Annual Vintage Programme, said:
“We are excited to celebrate the Annual Vintage Programme’s tenth anniversary this year, with over 100 families in the 2025 Fund. Since its inception, the Annual Vintage Programme has delivered strong and consistent returns through partnering with top performing private equity managers in the small and mid-market segments across North America, Europe and Asia.”
Edward McDonald, Head of Business Development for Stonehage Fleming Private Capital, said:
“The Stonehage Fleming Private Capital Annual Vintage Programme is a key part of the Stonehage Fleming investment proposition and we are extremely pleased by the strong support from both new and existing investors for this strategy. The successful close of our tenth vintage is an endorsement of the experienced team and the unique benefits of our approach.”
Stonehage Fleming Appoints Patrick Guarda As Global Head of Insurance Solutions
Stonehage Fleming (“Stonehage Fleming” or the “Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Patrick Guarda as Global Head of Insurance Solutions. Patrick will be based in Zurich and report directly to Mark McMullen, Partner and CEO, Family Office. His appointment takes effect on 1st September 2025.
Patrick joins Stonehage Fleming from UBS where he served as Head of Wealth Planning Life Insurance Europe & Switzerland and Chairman of the Board of UBS’ in-house French insurance broker. He brings more than 20 years of leadership experience in life insurance, wealth planning and tax, having led expert teams across multiple insurance products, locations and markets and spearheaded the expansion of the insurance distribution business. Prior to his time at UBS, Patrick worked as a tax adviser for top-tier international law firms including Clifford Chance and SJ Berwin. Patrick holds advanced degrees in Law, Finance and Wealth Management, and was admitted to the Paris Bar in 2001.
In his capacity as Global Head of Insurance Solutions, a newly-created role, Patrick will build out and lead Stonehage Fleming’s insurance solutions globally across the firm’s offices, product types and client markets. His immediate strategic priorities will be firstly to grow the Private Placement Life Insurance (PPLI) distribution offering of the Luxembourg office for clients resident in the European Economic Area (EEA), initially focusing on France, Italy, Belgium and Spain; and secondly to further expand and systematise the Group’s property insurance distribution offering through the Jersey office, notably for assets held in Stonehage Fleming trusts, such as fine art and collectibles, real estate, jewellery, cars, vessels and aircraft.
Long term, Patrick will coordinate the phased rollout of the Group’s insurance solutions in other priority markets such as the UK, South Africa, Switzerland and the United States. A global governance framework will be established to expedite this rollout, with consistent standards across locations for product oversight and regulatory compliance, risk management and controls, pricing discipline, and operations.
Insurance Solutions will complement Stonehage Fleming’s existing client proposition by providing new tax‑suitable wealth structuring, asset protection and succession planning tools that will integrate with the Group’s wealth management, investment management and trust services.
Commenting on the appointment, Mark McMullen, Family Office CEO of Stonehage Fleming, said: “We are all very excited to work with Patrick, who brings a wealth of deep knowledge and experience to what will be a critically important role in expanding Stonehage Fleming’s insurance solutions offering globally.”
Patrick Guarda said: “I am delighted to join Stonehage Fleming to grow and lead its insurance offerings. Providing families with internationally mobile insurance solutions is critical to deliver on our client promise. These solutions will help our clients manage and protect their wealth over geographies and generations. I am proud to join a globally renowned wealth adviser such as Stonehage Fleming, and I look forward to our future successes.”
Corient Announces Global Expansion Through Addition of Stonehage Fleming and Stanhope Capital Group, Creating $430-Billion Independent Ultra-High-Net-Worth Wealth Manager
Corient to become the world’s largest non-bank wealth manager and world’s largest multi-family office focused on ultra-high and high-net-worth clients
Data are based on the latest available information as indicated below.
MIAMI and LONDON (September 2, 2025) – Corient, one of the largest and fastest-growing national wealth advisors in the U.S., today announced the addition of Stonehage Fleming, one of the world’s leading independently owned multi-family offices, and Stanhope Capital Group (“Stanhope Capital”), one of Europe’s largest independent wealth management and advisory firms.
Together, Stonehage Fleming and Stanhope Capital will bring more than $214 billion in client assets to Corient, as well as distinct but complementary strengths. This move marks a significant expansion of Corient’s global reach, establishing a presence in Europe, the Middle East, and Africa and further deepening the firm’s expertise in serving ultra-high-net-worth (UHNW) families.
“With this expansion, Corient becomes the world’s largest independent advisory firm focused on the holistic needs of ultra-high-net-worth and high-net-worth clients,” said Kurt MacAlpine, Partner and Chief Executive Officer of Corient. “This combination of three storied firms creates a truly global wealth manager and multi-family office with formidable resources and deep expertise in serving the world’s wealthiest individuals and families.
“By integrating the strengths of each organization, Corient will be able to deliver seamless, end-to-end service to clients anywhere in the world – in a way that doesn’t exist today,” Mr. MacAlpine said. “Furthermore, our advantage extends beyond capabilities to how we deliver them. Under our international partnership, which will consist of more than 300 firm owners aligned under one vision, we’re building a new type of wealth management firm, one that is global, collaborative and evolving to meet the dynamic needs of sophisticated clients.”
As part of the transaction, Corient’s private partnership model, under which more than 260 Partners own and operate the firm, will be extended to the international operations.
“Our unique partnership structure was an important factor in attracting these prestigious firms to Corient,” Mr. MacAlpine said. “The partnership allows us to serve clients differently. Unlike most wealth management models that limit the client experience to a single advisor, the Corient partnership fosters teamwork across our expansive roster of experienced advisors and other professionals – ensuring that clients benefit from the capabilities of the firm as a whole. We are excited to extend our partnership to our international colleagues to create the first global professional services partnership in wealth management.”
Stonehage Fleming is a global leader in family office and fiduciary services, with nearly 50 years of experience supporting some of the world’s most prominent families and wealth creators. With over $175 billion in combined assets – as well as offices in 12 jurisdictions – the firm’s comprehensive offering includes cross-border and multi-generational structuring, wealth and investment management, governance and succession planning, legal and tax advisory, trust and fiduciary, philanthropic and art management services. With deep roots as advisor to international families, including the Fleming family, the firm embraces values of moral courage, family and excellence that strongly align with Corient’s culture.
“This next chapter enables us to remain true to our history while expanding our reach and impact for clients,” said Giuseppe Ciucci, Executive Chairman of Stonehage Fleming. “Corient shares our commitment to integrity and excellence, while its robust value proposition for ultra-high-net-worth clients will provide even greater scale and resources to the benefit of the families we serve. We also see Corient as the perfect home for our people, given its unique partnership model and commitment to collaboration and professionalism.”
Stanhope Capital, founded in 2004 by Daniel Pinto, is one of Europe’s largest independent wealth management and advisory firms, with close to $40 billion in assets. The firm provides services across wealth management, consulting, merchant banking and private investments, with a team comprising seasoned investment professionals and former executives from leading global financial institutions. Stanhope has built its reputation on three core pillars: objectivity, alignment of interest, and innovation – principles that mirror Corient’s fiduciary model.
The Stanhope Capital Group includes New York-based FWM Holdings, owner of FFT Wealth Management, a multi-family office that provides investment management and family office services to ultra-high-net-worth families in the United States and globally.
“Since our firm’s inception, we’ve focused on providing objective, innovative advice and solutions that put our clients’ interests first,” said Mr. Pinto, Chairman of the Board, Chief Executive Officer and Founding Partner at Stanhope Capital. “Joining Corient allows us to accelerate these efforts alongside a team that understands the importance of unbiased, client-centered service. We’re excited about joining the Corient partnership and the expanded capabilities this combination brings to the families and institutions we serve.”
Mr. Ciucci added: “Stonehage Fleming and Stanhope have known each other well for many years; our relationship is characterized by mutual respect and cultural compatibility, and we have a number of valued clients in common. We are looking forward to working together more closely in this exciting new partnership with Corient.”
“Giuseppe and Daniel and their teams have each built truly impressive, world-class fiduciary and advisory firms,” said Mr. MacAlpine. “We’re honored and delighted that such prominent companies have chosen to join Corient. I believe that collectively, we have unrivaled experience in meeting the distinct needs of ultra-high-net-worth clients.”
Upon closing of the transactions, the business will operate globally as Corient1. Mr. Ciucci will be Partner and Chairman and Mr. Pinto will be Partner and Chief Executive Officer of Corient’s international business. Both will join Corient’s global Board of Directors. Stuart Parkinson, the Chief Executive Officer of Stonehage Fleming, will be Partner and President of Corient’s international business. Keith M. Bloomfield, Founder and CEO of FFT Management, will join as Partner, Vice Chairman. Mr. Ciucci, Mr. Pinto and other members of their executive teams will become Partners and significant equity holders in Corient.
Corient is a fiduciary, fee-only wealth management firm distinguished by its unique private partnership model, similar to leading professional services firms. This structure allows clients to access the broad array of expertise and resources available at Corient, rather than relying solely on the advisor assigned to them. The approach is designed to foster collaboration and teamwork in pursuit of the shared vision to deliver incomparable client excellence. Since its founding in 2020, Corient has grown rapidly and today has more than 260 partners and over 1,300 employees managing approximately $216 billion on behalf of ultra-high and high-net-worth individuals, families and businesses across the United States.
The acquisitions are being funded with an equity contribution and are expected to close in the first half of 2026. Terms were not disclosed.
Jefferies is serving as lead financial advisor and Goldman Sachs & Co LLC is serving as financial advisor to Corient. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Corient. Spencer House Partners LLP is serving as financial advisor and Macfarlanes LLP is serving as legal counsel to Stonehage Fleming. Rothschild & Co is serving as financial advisor and Macfarlanes LLP is serving as lead legal counsel to Stanhope Capital alongside Dechert LLP and Borel & Barbey.
About Corient
Corient Private Wealth LLC is an integrated national U.S. wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients. We combine the personal service, creativity and objective advice of a boutique with the power of an exclusive network of experienced advisors, capabilities and solutions to create a profoundly different wealth experience. As fiduciaries, we put our clients at the center of everything we do. We focus on exceeding expectations, simplifying lives and establishing lasting legacies. Headquartered in Miami, Corient has offices across the United States. For more information, visit corient.com.
Corient client assets are as of July 31, 2025, and reflect the aggregate assets of Corient Holdings Inc. (“Holdings”), Corient Private Wealth LLC’s upstream U.S. holding company. Client assets include the assets in which Holdings has a majority or minority investment and signed, but not yet closed transactions in the U.S. Certain assets are not considered Regulatory Assets Under Management, as defined by the SEC and reported in Corient Private Wealth LLC’s Form ADV. Stonehage Fleming assets are as of December 31, 2024; Stanhope Capital Group assets are as of July 31, 2025.
- Corient’s global wealth management business will consist of Corient Private Wealth and a new subsidiary of CI Financial Corp.’s parent company that will acquire Stonehage Fleming and Stanhope Capital.
Media Contacts
United States
Jimmy Moock
Managing Partner, StreetCred
610-304-4570
Canada
Murray Oxby
Vice-President, Corporate Communications
CI Financial
1-416-681-3254
Stonehage Fleming Announces Director Promotions Across Group
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, announces a series of promotions to Director across the Group’s services and global footprint.
In the Family Office division, Darryn Faulds, Ryno Visagie and Luan Fouche (Johannesburg), Keri Breadner and Tessa Burrows (Isle of Man), Leanne Stuart (Jersey) and Udayesing Bheergoonath (Mauritius) have been promoted to Director.
In Investment Management, Archie Burt, Mark Leshnick, Miki Caves and Philip Richardson (London) and Brad Fainsinger (Johannesburg) have been promoted to Director.
Cecile Schlub in Legal & Tax Advisory (Monaco) has also been promoted to Director, as have Eugene Johannes (Cape Town), Michelle Weipers (Isle of Man) and Stefano Marzo (Neuchatel) in Group Services.
The new cohort of Directors are accompanied by 12 promotions to Associate Director, 16 promotions to manager and 25 promotions to Senior Associate across the Group’s offices and services.
Stuart Parkinson, CEO, Stonehage Fleming said: “We are proud to recognise the milestone achievements of our colleagues who have received these promotions. Commitment, professional growth and leadership drive results and shape our culture and Stonehage Fleming is dedicated to celebrating this success and supporting one another as we continue to grow together. Many congratulations to those recognised this year.”
Stonehage Fleming Appoints Bev Stewart as Head of Family Office, Jersey
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Bev Stewart as Head of Family Office, Jersey. Having spent over two decades within investment banking and private wealth, Bev brings a wealth of experience and expertise to support clients and the firm.
In addition to her new role, Bev will continue to act as a Trusted Adviser to wealthy international families and in her role will assist with their day-to-day challenges regarding succession, governance and complex wealth requirements. She joined the Stonehage Fleming Group in 2021 and is based in Jersey reporting to Greg Harris, Head of Family Office British Islands. The appointment is effective from 1 April 2025.
Bev succeeds Richard Stride, who will now serve as a Trustee and Key Adviser to several of Stonehage Fleming’s high-net-worth international families.
Before joining the Group, she served as a Director in the investment banking division of the Johannesburg-headquartered banking group, Absa.
Additionally, to further bolster the Family Office team, Andrea Sturges has recently joined as an Associate Director. Andrea has 20 years’ experience in the fiduciary industry with a focus on the Middle East, further consolidating the team’s expertise in this growing region for the Group.
Commenting on the appointments, Ian Crosby, Chairman of Stonehage Fleming Jersey, said: “We look forward to Bev’s continued work in her new role as Head of Family Office Jersey, and thank Richard for his years of dedication and commitment. Both are extremely valued members of Stonehage Fleming’s Jersey office.
It is also a pleasure to welcome Andrea to Stonehage Fleming. Her experience will be invaluable to our existing talented and dedicated team.”
Bev Stewart, Head of Family Office Jersey, said: “I am thrilled to be leading such a fantastic team and warmly welcome Andrea. At Stonehage Fleming we pride ourselves on the wide range of services we able to provide for some of the world’s leading families and wealth creators, and I look forward to continuing Richard’s good work and offering top-tier family office and fiduciary services to our clients.”
Stonehage Fleming Appoints Sally Fernee as Group Head of Investment Management Operating Functions
11 Mar 2025
Stonehage Fleming Appoints Sally Fernee as Group Head of Investment Management Operating Functions
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Sally- Fernee as Group Head of Investment Management Operating Function. Sally joins Stonehage Fleming from Lombard International where she acted as Group Chief of Staff, alongside her Executive Management and regulatory responsibility for a UK advisory entity.
During Sally’s almost 40-year career in banking across the UK and Channel Islands, she was instrumental in the development of HSBC Private Bank’s Global investment offering following its formation, including the multi-currency in-house trading platform, initial structured product offering, alternatives business and derivatives offering. She is experienced in Business Governance operating with local, global and offshore teams and working closely with Chief Executives to implement the delivery of their business programmes and product propositional strategies.
As Group Head of Investment Management Operating Function for Stonehage Fleming, Sally will be responsible for aligning critical business processes with reliable and efficient operational platforms, playing a lead role in supporting Stonehage Fleming to enhance operational infrastructure, technology and team delivery. She will be based in London and report to Graham Wainer, CEO of Stonehage Fleming Investment Management.
Commenting on the appointment, Graham Wainer, CEO of Stonehage Fleming Investment Management, said: “Sally has a deep knowledge of private banking and the investment needs of our client base, evident in her impressive career credentials in instrumental positions across business operations and product management. We warmly welcome her to the team.”
Sally Fernee, Group Head of Investment Management Operations said: “The Stonehage Fleming brand is synonymous with the wide range of services that the world’s leading families and wealth creators might need, and the Investment Management business is a key pillar of this strategic support. I look forward to working with my new colleagues to identify how we can continue to provide tailored support and a legacy of excellent client service.”
Stonehage Fleming Appoints Alasdair McLaren as New Director in Family Office Division, Guernsey
05 Feb 2025
Stonehage Fleming Appoints Alasdair McLaren as New Director in Family Office Division, Guernsey
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Alasdair McLaren as Director in the Family Office division in Guernsey. Patrick Lynch, a Director within Family Office, has transferred from London to join the Guernsey team. Alasdair and Patrick will both report to Gillian Ralston Jordan, Partner and Head of the Family Office in Guernsey.
Alasdair has more than 30 years’ experience in private client services in the international ultra-high-net-worth (UHNW) and family office sector. His most recent role was Regional Head of Private Wealth for the UK, Ireland and Crown Dependencies, at IQ-EQ, where he was responsible for strategy, development and growing private wealth relationships across the Group, prior to that he was Head of Private Wealth in the Guernsey Office and also managed a portfolio of UHNW clients.
Before his ten years at IQ-EQ, Alasdair spent two years as an Executive Director at Kleinwort Benson where he was a member of the offshore heads committee and managed the trust company’s strategy across the Crown Dependencies. He worked for five years at Saffery Champness prior to this, also as an Executive Director with a large team and a portfolio of private clients. He was responsible for establishing a new office in Geneva and instigated a new business development strategy and infrastructure. Alasdair is a well-known and respected member of the Guernsey fiduciary community and has held several positions in leading industry committees and institutions, including Chair of the Guernsey branch of STEP and Treasurer of GAT (Guernsey Association of Trustees). He holds chartered status with the Institute of Chartered Accountants Scotland (ICAS) and is a chartered fellow of the Chartered Institute for Securities & Investment (CISI).
Patrick Lynch is a Director within Stonehage Fleming’s Family Office Division. He has been at the firm since 2017 when he joined as a Business Manager for the Wealth Planning and UK Family Office teams, before relocating to our Guernsey office in September 2024.
Patrick joins the Guernsey office with over 15 years’ experience working in financial services across roles within private banking, wealth planning and investment management at Barclays UK & European Private Bank, Accenture Capital Markets, and C. Hoare & Co. At Stonehage Fleming, alongside supporting the growth of the UK Fiduciary business he was responsible for oversight of financials, risk and control management and change agendas of the Family Office British Island department. Following his move to Guernsey, Patrick now acts on the Board of Stonehage Fleming (Guernsey) Limited, as well as the Guernsey corporate trustee and corporate director companies.
As Directors, Alasdair and Patrick will support Gillian Ralston Jordan in her role as Head of Family Office, Guernsey, in the effective delivery family office services to private and corporate clients in the jurisdiction. They will be responsible for managing a portfolio of key clients and will focus on managing, measuring and driving the effectiveness of the Guernsey service operations.
Welcoming the moves, Gillian Ralston Jordan Partner and Head of Stonehage Fleming’s Family Office in Guernsey, said: “We are thrilled to welcome both Alasdair and Patrick as Directors as we continue to build out our brilliant team here in Guernsey. Both will bring their wealth of experience and deep sector knowledge to bear on a growing and dynamic market and I look forward to working with them”.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to over 250 families of wealth. The Group employs over 900 people in 19 offices in 14 jurisdictions around the world.
Stonehage Fleming Investment Management Announces Promotion of Nick Burchett
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, is pleased to announce that Nick Burchett, will assume full management of two of the firm’s funds: TM Stonehage Fleming Opportunities Fund; and the TM Stonehage Fleming AIM Fund.
Paul Mumford will remain actively involved in the management of both funds in his new capacity as Senior Fund Advisor, providing guidance and counsel to Nick. The investment philosophy of both funds will remain unchanged.
Paul started the Opportunities Fund as a UK-focused long-only fund in 1988, and the AIM Fund, the UK’s only 100% AIM stock fund, in 2005 and has been in the UK investment industry for more than 60 years. Nick is a deeply experienced investment manager whose long career in the City spans 40 years, the last 7 of which have been spent working alongside Paul on the two funds.
Commenting on the move, Graham Wainer, CEO of Stonehage Fleming Investment Management, said: “Nick has demonstrated his deep knowledge and investment experience managing two of our flagship funds alongside Paul. It is only natural, therefore, that Nick steps up to take on the leadership role. I would like to take this opportunity to thank both Paul and Nick for their hard work and ongoing commitment to the firm.”
Nick Burchett said: “I feel very honoured to be taking full charge of the TM Stonehage Fleming Opportunities Fund and the TM Stonehage Fleming AIM Fund. I am enormously grateful to Paul for his support as I take them forward. The prospect of seeking further opportunities for the medium-to-long-term benefit of investors is an immensely exciting one.”
Stonehage Fleming Investment Management is a global investment practice with teams based in London, Zurich, Liechtenstein, Cape Town, Johannesburg and Jersey.
Stonehage Fleming Appoints Bev Stewart as Head of Family Office, Jersey
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Bev Stewart as Head of Family Office, Jersey. Having spent over two decades within investment banking and private wealth, Bev brings a wealth of experience and expertise to support clients and the firm.
In addition to her new role, Bev will continue to act as a Trusted Adviser to wealthy international families and in her role will assist with their day-to-day challenges regarding succession, governance and complex wealth requirements. She joined the Stonehage Fleming Group in 2021 and is based in Jersey reporting to Greg Harris, Head of Family Office British Islands. The appointment is effective from 1 April 2025.
Bev succeeds Richard Stride, who will now serve as a Trustee and Key Adviser to several of Stonehage Fleming’s high-net-worth international families.
Before joining the Group, she served as a Director in the investment banking division of the Johannesburg-headquartered banking group, Absa.
Additionally, to further bolster the Family Office team, Andrea Sturges has recently joined as an Associate Director. Andrea has 20 years’ experience in the fiduciary industry with a focus on the Middle East, further consolidating the team’s expertise in this growing region for the Group.
Commenting on the appointments, Ian Crosby, Chairman of Stonehage Fleming Jersey, said: “We look forward to Bev’s continued work in her new role as Head of Family Office Jersey, and thank Richard for his years of dedication and commitment. Both are extremely valued members of Stonehage Fleming’s Jersey office.
It is also a pleasure to welcome Andrea to Stonehage Fleming. Her experience will be invaluable to our existing talented and dedicated team.”
Bev Stewart, Head of Family Office Jersey, said: “I am thrilled to be leading such a fantastic team and warmly welcome Andrea. At Stonehage Fleming we pride ourselves on the wide range of services we able to provide for some of the world’s leading families and wealth creators, and I look forward to continuing Richard’s good work and offering top-tier family office and fiduciary services to our clients.”
Stonehage Fleming Appoints Sally Fernee as Group Head of Investment Management Operating Functions
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Sally- Fernee as Group Head of Investment Management Operating Function. Sally joins Stonehage Fleming from Lombard International where she acted as Group Chief of Staff, alongside her Executive Management and regulatory responsibility for a UK advisory entity.
During Sally’s almost 40-year career in banking across the UK and Channel Islands, she was instrumental in the development of HSBC Private Bank’s Global investment offering following its formation, including the multi-currency in-house trading platform, initial structured product offering, alternatives business and derivatives offering. She is experienced in Business Governance operating with local, global and offshore teams and working closely with Chief Executives to implement the delivery of their business programmes and product propositional strategies.
As Group Head of Investment Management Operating Function for Stonehage Fleming, Sally will be responsible for aligning critical business processes with reliable and efficient operational platforms, playing a lead role in supporting Stonehage Fleming to enhance operational infrastructure, technology and team delivery. She will be based in London and report to Graham Wainer, CEO of Stonehage Fleming Investment Management.
Commenting on the appointment, Graham Wainer, CEO of Stonehage Fleming Investment Management, said: “Sally has a deep knowledge of private banking and the investment needs of our client base, evident in her impressive career credentials in instrumental positions across business operations and product management. We warmly welcome her to the team.”
Sally Fernee, Group Head of Investment Management Operations said: “The Stonehage Fleming brand is synonymous with the wide range of services that the world’s leading families and wealth creators might need, and the Investment Management business is a key pillar of this strategic support. I look forward to working with my new colleagues to identify how we can continue to provide tailored support and a legacy of excellent client service.”
Stonehage Fleming Appoints Alasdair McLaren as New Director in Family Office Division, Guernsey
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announces the appointment of Alasdair McLaren as Director in the Family Office division in Guernsey. Patrick Lynch, a Director within Family Office, has transferred from London to join the Guernsey team. Alasdair and Patrick will both report to Gillian Ralston Jordan, Partner and Head of the Family Office in Guernsey.
Alasdair has more than 30 years’ experience in private client services in the international ultra-high-net-worth (UHNW) and family office sector. His most recent role was Regional Head of Private Wealth for the UK, Ireland and Crown Dependencies, at IQ-EQ, where he was responsible for strategy, development and growing private wealth relationships across the Group, prior to that he was Head of Private Wealth in the Guernsey Office and also managed a portfolio of UHNW clients.
Before his ten years at IQ-EQ, Alasdair spent two years as an Executive Director at Kleinwort Benson where he was a member of the offshore heads committee and managed the trust company’s strategy across the Crown Dependencies. He worked for five years at Saffery Champness prior to this, also as an Executive Director with a large team and a portfolio of private clients. He was responsible for establishing a new office in Geneva and instigated a new business development strategy and infrastructure. Alasdair is a well-known and respected member of the Guernsey fiduciary community and has held several positions in leading industry committees and institutions, including Chair of the Guernsey branch of STEP and Treasurer of GAT (Guernsey Association of Trustees). He holds chartered status with the Institute of Chartered Accountants Scotland (ICAS) and is a chartered fellow of the Chartered Institute for Securities & Investment (CISI).
Patrick Lynch is a Director within Stonehage Fleming’s Family Office Division. He has been at the firm since 2017 when he joined as a Business Manager for the Wealth Planning and UK Family Office teams, before relocating to our Guernsey office in September 2024.
Patrick joins the Guernsey office with over 15 years’ experience working in financial services across roles within private banking, wealth planning and investment management at Barclays UK & European Private Bank, Accenture Capital Markets, and C. Hoare & Co. At Stonehage Fleming, alongside supporting the growth of the UK Fiduciary business he was responsible for oversight of financials, risk and control management and change agendas of the Family Office British Island department. Following his move to Guernsey, Patrick now acts on the Board of Stonehage Fleming (Guernsey) Limited, as well as the Guernsey corporate trustee and corporate director companies.
As Directors, Alasdair and Patrick will support Gillian Ralston Jordan in her role as Head of Family Office, Guernsey, in the effective delivery family office services to private and corporate clients in the jurisdiction. They will be responsible for managing a portfolio of key clients and will focus on managing, measuring and driving the effectiveness of the Guernsey service operations.
Welcoming the moves, Gillian Ralston Jordan Partner and Head of Stonehage Fleming’s Family Office in Guernsey, said: “We are thrilled to welcome both Alasdair and Patrick as Directors as we continue to build out our brilliant team here in Guernsey. Both will bring their wealth of experience and deep sector knowledge to bear on a growing and dynamic market and I look forward to working with them”.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to over 250 families of wealth. The Group employs over 900 people in 19 offices in 14 jurisdictions around the world.
Stonehage Fleming Investment Management Announces Promotion of Nick Burchett
Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, is pleased to announce that Nick Burchett, will assume full management of two of the firm’s funds: TM Stonehage Fleming Opportunities Fund; and the TM Stonehage Fleming AIM Fund.
Paul Mumford will remain actively involved in the management of both funds in his new capacity as Senior Fund Advisor, providing guidance and counsel to Nick. The investment philosophy of both funds will remain unchanged.
Paul started the Opportunities Fund as a UK-focused long-only fund in 1988, and the AIM Fund, the UK’s only 100% AIM stock fund, in 2005 and has been in the UK investment industry for more than 60 years. Nick is a deeply experienced investment manager whose long career in the City spans 40 years, the last 7 of which have been spent working alongside Paul on the two funds.
Commenting on the move, Graham Wainer, CEO of Stonehage Fleming Investment Management, said: “Nick has demonstrated his deep knowledge and investment experience managing two of our flagship funds alongside Paul. It is only natural, therefore, that Nick steps up to take on the leadership role. I would like to take this opportunity to thank both Paul and Nick for their hard work and ongoing commitment to the firm.”
Nick Burchett said: “I feel very honoured to be taking full charge of the TM Stonehage Fleming Opportunities Fund and the TM Stonehage Fleming AIM Fund. I am enormously grateful to Paul for his support as I take them forward. The prospect of seeking further opportunities for the medium-to-long-term benefit of investors is an immensely exciting one.”
Stonehage Fleming Investment Management is a global investment practice with teams based in London, Zurich, Liechtenstein, Cape Town, Johannesburg and Jersey.
Stonehage Fleming Appoints Stuart Parkinson as Group CEO
London, 20th January 2025 – Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announced the appointment of Stuart Parkinson as Group CEO. Stuart joins from Lombard International Group, a leading provider of wealth insurance solutions, where, as Group Chief Executive Officer, he oversaw a significant period of growth and the subsequent sale of the business.
With over 30 years of international experience in banking and financial services, Stuart brings impressive credentials to his new responsibilities at Stonehage Fleming. He led Lombard International Group from April 2020, a business renowned for supporting the needs of high-net-worth individuals, families and institutions with wealth and succession planning solutions. Prior to Lombard, Stuart was with HSBC Group for 27 years where his many leadership roles included Chief Investment Officer at HSBC Private Banking & Wealth Management.
Giuseppe Ciucci, Executive Chairman of Stonehage Fleming, said: “Stuart is a highly experienced global financial services leader and we are proud to welcome him as CEO of Stonehage Fleming. His track record, including deep expertise in growing international businesses, building and managing diverse teams and bringing resources together across multiple geographies, clearly demonstrates that he possesses the skills and ideas to help our business continue to thrive.
“We have worked hard to develop a highly differentiated position serving the needs of successful families and wealth creators; Stuart’s fresh ideas and perspective, alongside an excellent understanding of this client group, will complement the proven capabilities of our current team.”
Commenting on his appointment, Stuart Parkinson, Stonehage Fleming Group CEO, said: “Stonehage Fleming is the pre-eminent adviser in the multi-family office space. The firm’s impressive ecosystem of services and relationships, with a 7th generation family still at its core, places it in an unparalleled position to protect and manage the interests of the world’s leading families and wealth creators. I’m looking forward to getting to know and work alongside my new colleagues in the coming months”
Stuart’s appointment is effective as of 20th January and he will be based in Stonehage Fleming’s London office.
Stonehage Fleming Celebrates First US Family Office Award
Miami, 17 January 2025 – Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, won in the Family Office Services (Miami) category at the second annual Miami Family Wealth Report Awards 2025 incorporating Latin America & the Caribbean last night. The award testifies to the firm’s growing presence in the Americas and its success in expanding client relationships in the dynamic Latin American, Caribbean and Miami wealth management markets. Johan van Niekerk, Head of Family Office, Stonehage Fleming Americas, and Lowry Brescia, Associate Director, Family Office, Stonehage Fleming Americas, attended the ceremony.
Stonehage Fleming opened an office in Miami two-and-a-half years ago, led by Lowry Brescia, in order provide on the ground support at this gateway to Latin America where the firm has had clients for many years. This development was prompted by growing demand in the region for high-touch, expert family office services to support Latin American families mitigate risks, protect assets and navigate complex cross-border challenges in the context of volatile market conditions and regional political instability.
Commenting on the win Johan van Niekerk, Head of Family Office, Stonehage Fleming Americas, said: “Miami is the undisputed gateway to Latin America. So to be recognized for our success in supporting a growing number of families in this region, navigating increasingly complicated environments, is particularly pleasing. Importantly, receiving this award demonstrates the trust we have earned from families across the region through our commitment to excellence and consistent delivery.”
“Latin American families often face complex regulatory landscapes when expanding abroad. Whether for business, relocation, or education, our role is to act as their lifeline, offering essential support in jurisdictions where they lack operations or access to expert advice. Stonehage Fleming’s deep understanding of the Latin American market, combined with our global reach and fiduciary responsibility, positions us as the ideal partner for families seeking a holistic, integrated approach to wealth management.”
“Lowry has delivered outstanding work leading the team’s efforts in the region. Her ability to coordinate our global, multi-service offering to integrate seamlessly with clients’ needs and provide personalized, hands-on service is a significant factor in what makes Stonehage Fleming the standout choice.”
Stonehage Fleming is adviser to many of the world’s leading families and wealth creators, many of whom are based in the United States. The Group’s Miami office is one of four in the Americas from which the firm delivers wealth and management services to highly mobile families. The US remains a popular destination for wealthy families to manage their intergenerational, tax, educational and lifestyle considerations. Stonehage Fleming is uniquely placed in the market to meet the needs of US families with domestic and international affairs, drawing upon the experience of a sixth-generation family who cemented their own future by investing in America.
Stonehage Fleming Appoints Carolyn Bell as Deputy Portfolio Manager for Flagship Global Best Ideas Equity Strategy
08 Oct 2024
Stonehage Fleming Appoints Carolyn Bell as Deputy Portfolio Manager for Flagship Global Best Ideas Equity Strategy
8 October 2024 – Stonehage Fleming Investment Management (SFIM) has appointed Carolyn Bell as Deputy Portfolio Manager for the flagship £3.8bn Global Best Ideas Equity Strategy (GBI).
In her new role, Carolyn, who joined SFIM as Partner in April 2024, will work closely with Gerrit Smit, Head of Global Equity Management and Lead Portfolio Manager, on investment decisions and the day-to-day management of GBI and other collective vehicles with the same investment strategy. Launched in 2013, GBI is a high-conviction equity strategy investing in the world’s best quality growth companies.
Carolyn has 16 years’ industry experience, having previously been an Investment Manager at Aegon Asset Management running a number of strategies covering US and global equities, and technology. Prior to Aegon Asset Management, Carolyn spent five years as an Investment Analyst at Baillie Gifford.
Her new role starts with immediate effect.
Gerrit Smit commented: “Carolyn has made a significant positive impact on the GBI proposition since her arrival and she will play a valuable role as Deputy Portfolio Manager in helping manage a strategy which has grown substantially in recent years.
“This new position reflects the significance of GBI for SFIM and for the Group as a whole, and it will provide clarity around the investment team structure as we continue to evolve to best meet the requirements of professional investors. I look forward to working with Carolyn as part of our ongoing commitment to delivering attractive returns for clients over the long term, with the support and resources of SFIM and the wider GBI investment team.”
Carolyn Bell added: “SFIM is a performance-orientated boutique with a culture that seeks to maximise the exciting structural investment opportunities we see today. It has been a pleasure to join a talented investment team whose sole focus is to find the world’s best companies and I am delighted to assume this new position at an exciting time for GBI.”
Stonehage Fleming Appoints Newly Promoted Partner Priyanka Hindocha As Head Of The UK Family Office
04 Sep 2024
Stonehage Fleming Appoints Newly Promoted Partner Priyanka Hindocha As Head Of The UK Family Office
4 September 2024 – Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading independently owned multi-family offices announces the appointment of Priyanka Hindocha as Head of the UK Family Office.
Priyanka joined Stonehage Fleming’s UK Family Office team as a Senior Associate in 2019, having previously spent five years in the Private Client Services Team at Deloitte. She was appointed Director at Stonehage Fleming in 2021, before being promoted to Partner in June of this year.
Over her career, Priyanka has gained extensive experience supporting an international client base of high-net-worth families across the whole range of their affairs, from strategic decision making to governance and succession planning, and tailoring the Group’s services to the complex, individual requirements of each family.
As Head of UK Family Office, Priyanka will oversee the UK family office business and work closely with key stakeholders to ensure continued growth of the business and collective achievement for the UK family office team.
Priyanka will continue to be based in London and will report to Greg Harris, Head of Family Office – British Islands. The appointment is effective immediately. Priyanka is the latest in a series of appointments which now sees six of Stonehage Fleming’s family office businesses led by women: Kim Brown in the Isle of Man; Gillian Ralston Jordan in Guernsey; Lorna Beckley in Geneva; Caroline Bauer in Zurich; and Jacqui Cheshire as Head of Switzerland.
Greg Harris, Head of Family Office – British Islands, commented: “Over the last five years Priyanka has provided our clients with the highest standard of strategic advice and expert analysis to guide them through complex affairs. We know she is absolutely the right choice to lead our UK Family Office and we look forward to supporting Priyanka in her new leadership role.”
Priyanka Hindocha added: “It is an interesting time for families and family offices, with themes such as political uncertainty, risk management and navigating the transition to the next generation to consider. However, Stonehage Fleming’s position as one of the world’s leading independent multi-family offices means that we are perfectly placed to manage our clients’ needs, however varied and complex. It has been a rewarding five years with the team and I am proud to have the opportunity to lead us to greater growth as we support many of the world’s leading families and wealth creators across generations and geographies.”
Stonehage Fleming Appoints Stuart Parkinson as Group CEO
London, 20th January 2025 – Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, today announced the appointment of Stuart Parkinson as Group CEO. Stuart joins from Lombard International Group, a leading provider of wealth insurance solutions, where, as Group Chief Executive Officer, he oversaw a significant period of growth and the subsequent sale of the business.
With over 30 years of international experience in banking and financial services, Stuart brings impressive credentials to his new responsibilities at Stonehage Fleming. He led Lombard International Group from April 2020, a business renowned for supporting the needs of high-net-worth individuals, families and institutions with wealth and succession planning solutions. Prior to Lombard, Stuart was with HSBC Group for 27 years where his many leadership roles included Chief Investment Officer at HSBC Private Banking & Wealth Management.
Giuseppe Ciucci, Executive Chairman of Stonehage Fleming, said: “Stuart is a highly experienced global financial services leader and we are proud to welcome him as CEO of Stonehage Fleming. His track record, including deep expertise in growing international businesses, building and managing diverse teams and bringing resources together across multiple geographies, clearly demonstrates that he possesses the skills and ideas to help our business continue to thrive.
“We have worked hard to develop a highly differentiated position serving the needs of successful families and wealth creators; Stuart’s fresh ideas and perspective, alongside an excellent understanding of this client group, will complement the proven capabilities of our current team.”
Commenting on his appointment, Stuart Parkinson, Stonehage Fleming Group CEO, said: “Stonehage Fleming is the pre-eminent adviser in the multi-family office space. The firm’s impressive ecosystem of services and relationships, with a 7th generation family still at its core, places it in an unparalleled position to protect and manage the interests of the world’s leading families and wealth creators. I’m looking forward to getting to know and work alongside my new colleagues in the coming months”
Stuart’s appointment is effective as of 20th January and he will be based in Stonehage Fleming’s London office.
Stonehage Fleming Celebrates First US Family Office Award
Miami, 17 January 2025 – Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading independently owned multi-family offices, won in the Family Office Services (Miami) category at the second annual Miami Family Wealth Report Awards 2025 incorporating Latin America & the Caribbean last night. The award testifies to the firm’s growing presence in the Americas and its success in expanding client relationships in the dynamic Latin American, Caribbean and Miami wealth management markets. Johan van Niekerk, Head of Family Office, Stonehage Fleming Americas, and Lowry Brescia, Associate Director, Family Office, Stonehage Fleming Americas, attended the ceremony.
Stonehage Fleming opened an office in Miami two-and-a-half years ago, led by Lowry Brescia, in order provide on the ground support at this gateway to Latin America where the firm has had clients for many years. This development was prompted by growing demand in the region for high-touch, expert family office services to support Latin American families mitigate risks, protect assets and navigate complex cross-border challenges in the context of volatile market conditions and regional political instability.
Commenting on the win Johan van Niekerk, Head of Family Office, Stonehage Fleming Americas, said: “Miami is the undisputed gateway to Latin America. So to be recognized for our success in supporting a growing number of families in this region, navigating increasingly complicated environments, is particularly pleasing. Importantly, receiving this award demonstrates the trust we have earned from families across the region through our commitment to excellence and consistent delivery.”
“Latin American families often face complex regulatory landscapes when expanding abroad. Whether for business, relocation, or education, our role is to act as their lifeline, offering essential support in jurisdictions where they lack operations or access to expert advice. Stonehage Fleming’s deep understanding of the Latin American market, combined with our global reach and fiduciary responsibility, positions us as the ideal partner for families seeking a holistic, integrated approach to wealth management.”
“Lowry has delivered outstanding work leading the team’s efforts in the region. Her ability to coordinate our global, multi-service offering to integrate seamlessly with clients’ needs and provide personalized, hands-on service is a significant factor in what makes Stonehage Fleming the standout choice.”
Stonehage Fleming is adviser to many of the world’s leading families and wealth creators, many of whom are based in the United States. The Group’s Miami office is one of four in the Americas from which the firm delivers wealth and management services to highly mobile families. The US remains a popular destination for wealthy families to manage their intergenerational, tax, educational and lifestyle considerations. Stonehage Fleming is uniquely placed in the market to meet the needs of US families with domestic and international affairs, drawing upon the experience of a sixth-generation family who cemented their own future by investing in America.
Stonehage Fleming Appoints Carolyn Bell as Deputy Portfolio Manager for Flagship Global Best Ideas Equity Strategy
8 October 2024 – Stonehage Fleming Investment Management (SFIM) has appointed Carolyn Bell as Deputy Portfolio Manager for the flagship £3.8bn Global Best Ideas Equity Strategy (GBI).
In her new role, Carolyn, who joined SFIM as Partner in April 2024, will work closely with Gerrit Smit, Head of Global Equity Management and Lead Portfolio Manager, on investment decisions and the day-to-day management of GBI and other collective vehicles with the same investment strategy. Launched in 2013, GBI is a high-conviction equity strategy investing in the world’s best quality growth companies.
Carolyn has 16 years’ industry experience, having previously been an Investment Manager at Aegon Asset Management running a number of strategies covering US and global equities, and technology. Prior to Aegon Asset Management, Carolyn spent five years as an Investment Analyst at Baillie Gifford.
Her new role starts with immediate effect.
Gerrit Smit commented: “Carolyn has made a significant positive impact on the GBI proposition since her arrival and she will play a valuable role as Deputy Portfolio Manager in helping manage a strategy which has grown substantially in recent years.
“This new position reflects the significance of GBI for SFIM and for the Group as a whole, and it will provide clarity around the investment team structure as we continue to evolve to best meet the requirements of professional investors. I look forward to working with Carolyn as part of our ongoing commitment to delivering attractive returns for clients over the long term, with the support and resources of SFIM and the wider GBI investment team.”
Carolyn Bell added: “SFIM is a performance-orientated boutique with a culture that seeks to maximise the exciting structural investment opportunities we see today. It has been a pleasure to join a talented investment team whose sole focus is to find the world’s best companies and I am delighted to assume this new position at an exciting time for GBI.”
Stonehage Fleming Appoints Newly Promoted Partner Priyanka Hindocha As Head Of The UK Family Office
4 September 2024 – Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading independently owned multi-family offices announces the appointment of Priyanka Hindocha as Head of the UK Family Office.
Priyanka joined Stonehage Fleming’s UK Family Office team as a Senior Associate in 2019, having previously spent five years in the Private Client Services Team at Deloitte. She was appointed Director at Stonehage Fleming in 2021, before being promoted to Partner in June of this year.
Over her career, Priyanka has gained extensive experience supporting an international client base of high-net-worth families across the whole range of their affairs, from strategic decision making to governance and succession planning, and tailoring the Group’s services to the complex, individual requirements of each family.
As Head of UK Family Office, Priyanka will oversee the UK family office business and work closely with key stakeholders to ensure continued growth of the business and collective achievement for the UK family office team.
Priyanka will continue to be based in London and will report to Greg Harris, Head of Family Office – British Islands. The appointment is effective immediately. Priyanka is the latest in a series of appointments which now sees six of Stonehage Fleming’s family office businesses led by women: Kim Brown in the Isle of Man; Gillian Ralston Jordan in Guernsey; Lorna Beckley in Geneva; Caroline Bauer in Zurich; and Jacqui Cheshire as Head of Switzerland.
Greg Harris, Head of Family Office – British Islands, commented: “Over the last five years Priyanka has provided our clients with the highest standard of strategic advice and expert analysis to guide them through complex affairs. We know she is absolutely the right choice to lead our UK Family Office and we look forward to supporting Priyanka in her new leadership role.”
Priyanka Hindocha added: “It is an interesting time for families and family offices, with themes such as political uncertainty, risk management and navigating the transition to the next generation to consider. However, Stonehage Fleming’s position as one of the world’s leading independent multi-family offices means that we are perfectly placed to manage our clients’ needs, however varied and complex. It has been a rewarding five years with the team and I am proud to have the opportunity to lead us to greater growth as we support many of the world’s leading families and wealth creators across generations and geographies.”