Stonehage Fleming Appoints Head Of Family Office Guernsey

Guernsey, 20 November 2023 – Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading international multi-family offices announces the appointment of Gillian Ralston Jordan as Head of Family Office in Guernsey.

With over three decades of experience in both law and the financial services industry, Gillian joins Stonehage Fleming from JTC PLC where she was Group Director. Prior to this Gillian was Director and Head of Fiduciary Services at Duncan Lawrie Private Banking, and Director at Abacus Trust Company. Gillian has also held roles at IFG International as a Client Services Director, and at Ernst & Young Trust Corporation (latterly RBTT) as Managing Director. Gillian is a practicing Solicitor regulated by the Law Society of Scotland. She is a member of the Society of Trust and Estate Practitioners and a Notary Public in Scotland.

Gillian will have overall responsibility for managing the Family Office activities in Guernsey, working closely with clients, third parties, and the wider Stonehage Fleming Group, as well as developing new business. Gillian will be a member of the Family Office Executive Committee.

Gillian is based in Guernsey and will report directly to Greg Harris, Partner and Head of Family Office division for all British Islands (UK, Channel Islands and Isle of Man.) The role is effective from 13 November 2023.

Greg Harris, Partner and Head of Family Office, British Islands, Stonehage Fleming, commented on Gillian's appointment: “It is a pleasure to welcome Gillian to Stonehage Fleming as Head of Family Office in Guernsey. Gillian is a seasoned and accomplished professional who will bring invaluable insight and experience to our existing highly talented team in Guernsey. We look forward to welcoming her to the Group, as we continue our commitment to being the distinguished independent adviser to the world’s leading families and wealth creators.”

Gillian Ralston Jordan added, “I am delighted to join Stonehage Fleming and lead the Family Office activities in Guernsey. I look forward to working closely with the team to continue to deliver Stonehage Fleming’s best in class services and advice for our clients and to contributing to the continued growth and success of the organisation.”

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 GBP122bn (USD150bn) of assets and includes an investment business with more than GBP18bn (USD21bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 1000 people in 14 locations around the world. Find out more at: www.stonehagefleming.com

Statistics as at September 2023

Over Two Thirds Of Affluent Families Incorporate Values-Based Investing In The Management Of Wealth According To Stonehage Fleming’s 2023 Four Pillars Of Capital Report

• Yet less than half of all families (49%) actually have an explicit, agreed set of values
• The number of families applying exclusions to their investment strategy doubled to 43% since 2018
• Listed equities, private equity and real estate remain the most favoured asset classes with little appetite for radical engineering of portfolios over the coming five years

London, 13 November 2023 – Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading international family offices, reveals that over two thirds (71%) of affluent families incorporate non-financial values in the management of their family wealth.

This finding is contained in Stonehage Fleming’s report, ‘Four Pillars of Capital 2023: Managing Risk in an Age of Upheaval’, which is based on proprietary research conducted with nearly 300 members of different families, wealth creators and their advisers (see ‘Methodology’).

While 16% of respondents orient their investment strategy using financial returns alone, those who deliberately invest their entire portfolio to reflect their non-financial values has nearly tripled to 13%, from 5% in the 2018 Four Pillars of Capital report.

The manner in which these non-financial values are incorporated, however, remains relatively unstructured for the majority of respondents. One reason for this disconnect may be that many families have not explicitly decided which non-financial values they wish to target, with under half (49%) having an agreed, explicit set of values.

The survey identifies a significant increase in the proportion of families who choose strategies involving a more active approach to stock-picking or investor manager engagement. The proportion of respondents invested in explicitly ESG or Socially Responsible Investment (SRI) products has more than tripled to 45% (2018: 14%), and those adopting an impact investing approach has nearly tripled to 22% (2018: 8%). At the same time, excluding investments deemed unsuitable from families’ portfolios via negative screening has become more popular, nearly doubling to 43% (2018: 24%).

The survey also reveals families’ views on high-level asset allocation remain substantially unchanged since 2018. Listed equities, private equity and real estate remain the favoured assets classes, with little appetite for radical engineering of portfolios over the coming five years.

Graham Wainer, CEO Investment Management at Stonehage Fleming, said: “Despite the economic landscape undergoing a series of tectonic shifts we are encouraged that the 2023 survey finds there are no sizeable swings in preferred asset classes. We certainly see the benefits for investors of patient capital in holding less liquid positions in private market investments to complement exposure to mainstream public markets. We have long emphasised the importance of viewing investment returns over a cycle and despite the challenge in a period of higher inflation, we believe that targeting capital growth in real terms is the correct strategy for investors new to investment markets as well as those with multi-generational characteristics.”

Mona Shah, Head of Sustainable Investments at Stonehage Fleming said: “Over the last decade there has been nothing short of a revolution in the integration of values beyond financial return alone into the design and implementation of investment strategies. We have seen two important trends emerging over the past decade. Firstly, an increased desire amongst families to define their non-financial values explicitly and to integrate them not only into the management of their wealth, but into their businesses, philanthropic activities, and general conduct, and secondly, an increased commoditisation of sustainable investment offerings from the investment management industry.”

Commenting on bridging the gap between families’ ambitions to increase their values-based investing and the often commoditised offerings available Mona added: “Experience suggests a simple three-step framework. Define and agree your family's non-financial values, choose how to incorporate these into your wealth management strategy, and ensure that impact is measured, and the outcomes are monitored.”

ENDS

METHODOLOGY

This paper was drawn from a 34-question online survey, completed by nearly 300 contributors from families and advisers ranging from 18 to over 80, across Europe, the Middle East and Africa, and the Americas in addition to the solid base of participants in the UK and its sovereign territories. The survey was distributed on 20 April 2023 and closed on 20 July 2023. In addition, wide ranging in-depth face-to-face interviews were conducted with 15 ultra-high-net-worth (UHNW) families and advisers, discussing their long-term plans, attitudes and concerns.

Investment Outcomes And Political Risk Are Biggest Challenges To Preservation Of Wealth, According To Stonehage Fleming’s 2023 Four Pillars Of Capital Report

• Very Few Respondents Take A Formal Approach To Reputation Management With Nearly 90% Not Keeping Track Of Their Digital Footprint
• More Than 85% Of Respondents Consider Philanthropy A Central Part Of Their Purpose And Values But Only 22% Have A Formal Strategy For Grant-Making

London, 13 November 2023 – Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading international multi-family offices, reveals the results of its survey ‘Four Pillars of Capital: Managing risk in an age of upheaval’.

Drawing on the responses from nearly 300 families and advisers, the research assessed the impact of sequential global events, including the COVID pandemic, the war in Ukraine, slowing economic growth and accelerating inflation on the long-term sustainability of family wealth.

Stonehage Fleming surveyed respondents on themes including risks to sustaining family wealth, investment attitudes and the growth of values-driven investing, reputation management in a digital age, philanthropy, governance, leadership and the Next Generation; and the purpose of wealth.

THE NEW RISK ENVIRONMENT

The survey identifies a major shift in the biggest risks that families and wealth creators perceive to their long-term prosperity. For the first time since Stonehage Fleming began its proprietary research series in 2013, the investment environment and political risk make up two of the top three threats to the preservation of wealth. When asked how families identify and mitigate risks to their long-term prosperity and goals, only 20% have a formal regular process.

Giuseppe Ciucci, Executive Chairman and Chief Executive Officer at Stonehage Fleming said: “Our Four Pillars of Capital research has taught us that our clients like to have insight into what their peers are thinking and how they have addressed – or are addressing – the challenges and opportunities that they have in common. Observations from our 2023 report have reinforced the importance of preparing the Next Generation to assume the responsibilities of wealth and employing a simple and rigorous process for risk appraisal. Other important themes included the vital importance of understanding your digital profile in today’s world, the potential rewards of involving the Next Generation in philanthropy and the need for clear and effective communication between family members.”

REPUTATION MANAGEMENT IN the DIGITAL AGE

The challenge of managing reputational risk has increased over the past decade especially with the public launches of AI-enabled text, audio and image generation services producing “deepfakes”. However, the survey revealed that 43% of respondents have no formal process for managing the reputation of their family or its members and only 13% of respondents say they actively track their family’s digital footprint.

Guy Hudson, Partner and Head of Group Marketing and Communications said: “We know families value their reputations and so we are surprised by the data showing how few families are conscious of the digital risks they may encounter. In an age of increased transparency, it is almost impossible to be proudly anonymous. With the complexity that social media brings, it is harder than ever to control the narrative. A digital health check is a sensible element of a comprehensive risk management strategy.”

Philanthropy: the power of partnership

Although 86% of families consider philanthropy a central part of their purpose and values, 64% have no pre-determined budget and make regular donations based on an informal process. Only 7% of respondents reported that they have a formal process for agreeing and appraising the contribution they make to their communities and wider society.

When questioned on how families communicate their contribution to the community and wider society, 64% of respondents prefer to remain discreet. However, when questioned on the extent to which philanthropic activities should be publicised, 51% believed that a lack of awareness of the societal contribution made by families and wealth creators could pose a threat to wealth.

For the first time, the 2023 survey asked specifically about the involvement of the Next Generation in families’ philanthropy activities, and strikingly in 49% of all respondents’ families, the Next Generation are not substantially involved.

Governance, Leadership and the next generation

Nearly half (46%) of respondents do not have a formal leadership structure and the ways in which families select their leaders remain diverse. The one clear trend is a decline in preference for primogeniture. Only 5% of families – and none at all in the US or Europe – now believe this traditional method of succession to be a good fit with the demands of modern intergenerational wealth management (a decline from 20% in 2018).

In most regions, a substantial minority of families employ leaders from outside the family. While in the Americas, a majority (52%) take this route. When asked how families believe leaders should be selected in the future, over 40% of respondents indicated either by committee, or the wider family.

More than two thirds of families are taking proactive steps to give the Next Generation a more prominent role in the family, with this trend being more advanced in Africa and the Americas than in the UK and Europe. However, when equipping the Next Generation to understand the broad responsibilities of wealth nearly half (46%) report that preparation is informal – they rely on the family environment and the conventional education they provide. Only 16% of families encourage their children to attend programmes and bespoke education.

Purpose: the foundation of successful family strategy

Only 36% of families currently have an agreed purpose for their wealth; however, for a significant number of respondents, it is the acceleration of political and economic volatility since the 2018 Four Pillars of Capital report that has crystalised their thinking. Four common themes in respondents’ philosophies are maintenance of the family legacy, care of family members, achieving philanthropic goals and fulfilling religious responsibilities.

Matthew Fleming, Partner and Head of Family Governance & Succession, at Stonehage Fleming said: “Purpose is the foundation of a family’s decision-making framework and in turn underpins the Four Pillars of Capital. The real challenge is communication: ensuring that purpose is articulated, shared and understood – first and foremost within the family itself. We believe passionately that families who take the time to reflect on their purpose and engage the Next Generation in both defining and living it, give themselves the best chance of intergenerational success.”

ENDS

METHODOLOGY

This paper was drawn from a 34-question online survey, completed by nearly 300 contributors from families and advisers ranging from 18 to over 80, across Europe, the Middle East and Africa, and the Americas in addition to the solid base of participants in the UK and its sovereign territories. The survey was distributed on 20 April 2023 and closed on 20 July 2023. In addition, wide ranging in-depth face-to-face interviews were conducted with 15 ultra-high-net-worth (UHNW) families and advisers, discussing their long-term plans, attitudes and concerns.

Stonehage Fleming Appoints Director In Zurich Family Office

Zurich, 02 October 2023 – Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading international multi-family offices, announces the appointment of Taymour Mortagui as a Director and Senior Client Relationship Manager in Stonehage Fleming’s Zurich Family Office.

With over 10 years experience, Taymour joins Stonehage Fleming from Covario AG where he was Managing Director and Head of the Middle East. Prior to this, Taymour was a Relationship Manager at Arab Bank Switzerland, and an Assistant Relationship Manager at Bank Am Belevue AG (Investment Partners).

Working closely with Family Office colleagues across the Group, Taymour will focus on driving Stonehage Fleming’s expansion further into the Middle East North Africa market.

Taymour is based in Zurich and will report directly to Caroline Bauer, Head of Family Office Zurich. Taymour’s role is newly created and effective immediately.

Mark McMullen, Partner & CEO of Stonehage Fleming’s Family Office division, commented on the appointment: “We are thrilled to announce the hire of Taymour into our Family Office team in Zurich. Taymour brings invaluable experience and knowledge, in particular of the landscape of the Middle East. His practical experience and relationships will enable us to further expand our presence across the MENA market, as we continue to support some of the world’s leading families and wealth creators across generations and geographies.”

Taymour Mortagui added: “I am delighted to join Stonehage Fleming. I look forward to working alongside their esteemed Family Office team in Zurich, as we continue to build Stonehage Fleming’s business in continental Europe. I am thrilled to further establish the firm, with the help of my colleagues across our global offices, in the rapidly developing MENA market.

Stonehage Fleming Holds Final Close on Private Capital Annual Vintage Programme Raising in Excess of $130 Million for the 2023 Fund

London, 4^th September 2023 – Stonehage Fleming, (“Stonehage Fleming” or “the Group”) , one of the world’s leading independently owned multi-family offices, today announces the final close of the Stonehage Fleming Global Private Capital Fund 2023 in excess of $130 million.

The Global Private Capital 2023 Fund is the latest in a series of annual funds for Stonehage Fleming’s innovative private capital programme. Each annual fund invests in six to eight best-in-class managers that will provide underlying exposure to between 70 and 120 high quality portfolio companies.

The Private Capital Annual Vintage Programme seeks to offer its 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 compared with many of the alternatives. By deploying 50% of the fund at inception, the programme captures the benefits of the 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 2023 Fund will continue the team’s primary investment strategy of focusing on the small and mid-market segments globally.

Graham Wainer, CEO and Head of Investments, Stonehage Fleming Investment Management, said:

“Private capital 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 the Stonehage Fleming Private Capital Fund 2023 is a testament to the experienced team and an endorsement for the unique benefits of our approach.”

Mat Powley, Co-Manager of the Stonehage Fleming Private Capital Annual Vintage Programme, said:

“We are thrilled with the final closing of our eighth annual vintage fund and our largest fund to date. We continue to believe that our strategy of building high conviction portfolios of strong performing and hard to access private capital funds, established through our years of experience and long-standing relationships, will benefit our clients and their families for years to come.”

Meiping Yap, Co-Manager of the Stonehage Fleming Private Capital Annual Vintage Programme, said:

“Since its inception, our Private Capital Annual Vintage Programme has recorded double-digit growth in fund size with the 2023 Fund being invested on behalf of over 90 families. We are excited to continue delivering strong returns for our investors as we work towards building a self-funding portfolio of high-quality private equity investments across North America, Europe and Asia.”

All investments risk the loss of capital. Investments in private equity funds involve a high degree of risk and are only suitable for investors who fully understand and are willing to assume the risks involved. This fund is not regulated or authorised by the Financial Conduct Authority and nor are the underlying funds. No guarantee or representation is made that the funds will achieve their investment objective. Unquoted investments may be difficult to sell at a reasonable price because there will not be an active market in those investments and, in some circumstances, they may be difficult to sell at any price. This may inhibit sales in the event of an investor wishing to liquidate part or all of their investment.

Stonehage Fleming Announces Promotions Across Europe

Luxembourg/Switzerland, 24 July 2023 – Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading international multi-family offices, announced a series of promotions across the Group’s offices throughout Europe.

Hélie De Cornois, who heads up the Family Office division in Luxembourg, has been promoted to Partner. He has extensive experience in the estate planning industry and advises ultra-high net worth private clients and investors on a range of domestic and international tax and estate planning matters. Prior to joining Stonehage Fleming in 2021, Hélie was Head of Estate Planning & International Patrimonial Services at Banque Degroof Petercam in Luxembourg.

Also in Luxembourg, Emmanuel Cruz has been promoted to Associate Director in Group Services and Lambertus Brand to Senior Associate in the Corporate Services division.

Within the Family Office division in Switzerland, Kailin Gratix has been promoted to Manager and Blerta Ademi, Deniz Ozler and Sebastien Charpentier to Senior Associate.

Within the Group Services division in Switzerland, Jonathan Biddle, Stefano Marzo and Caryl Vogel have been promoted to Associate Director, Blerinda Ademi and Valerie Buhler to Manager and Silvio Gutierrez, Agid Hadid and Suthasinee Thitiviroon to Senior Associate.

Commenting on the promotions, Jacqui Cheshire, Head of Family Office in Continental Europe said: “Congratulations to all those well-deserving individuals. These promotions across our European offices showcase the exceptional talent and dedication within Stonehage Fleming, as we remain steadfast in our commitment to the long-term success and prosperity of the families and wealth creators we serve. We’d also like to congratulate Hélie on becoming Partner. He has played an influential role in the growth of the business in Europe.”

Stonehage Fleming announces series of promotions in the UK

Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading international multi-family offices, announced a series of promotions across the Group’s offerings in the London office.

In the Family Office division Jack Henderson and Anna Wetherell have been promoted to Associate Director, Francesca Maule and Eleanor Sowerbutts to Manager and Edward Durgan to Senior Associate.

Within Investment Management, James Cook has been promoted to Director, Mark Leshnick, Archie Burt and Miki Caves to Associate Director, and Ross Elliott to Manager.

Robyn Bramwell has been promoted to Director in Corporate, Legal and Tax Advisory.

In Group Services, Peter Rogerson has been promoted to Director, Hannah Berry to Associate Director, with Claire Main and Oliver Taylor promoted to Senior Associate.

Carol Mote, Global Head of Human Resources, said: “It is a pleasure to announce these well-deserved promotions across multiple service offerings. Our colleagues are pivotal to the growth and success of our business as we continue to demonstrate our commitment to being the pre-eminent independent adviser to the world’s leading families and wealth creators.”

ENDS

Stonehage Fleming Announces Series Of Promotions Across Jersey And The Isle Of Man

Stonehage Fleming (“the Group”) one of the world’s leading international Family Offices, announces that it has made a series of promotions across its Jersey and Isle of Man offices.

In the Jersey Family Office division, Bev Stewart has been promoted to Partner. Bev has over 19 years’ investment banking and financial services experience and works with a number of Stonehage Fleming’s international high-net-worth clients. She provides advice and support to families and their advisors around the globe, aiding the management and coordination of their financial needs. Bev joined the Group as a Director in 2020 from Absa Bank Limited in South Africa.

Also, in the Jersey Family Office division Leigh Driscoll and Monika Osiak Faria have been promoted to Associate Director, and Larni Sobere to Senior Associate.

In the Jersey Group Corporate, Legal and Tax Advisory division, Leanne Stuart has been promoted to Associate Director.

In the Isle of Man Family Office division Samantha Andrews, Keri Breadner and Tessa Burrows have been promoted to Associate Director.

Commenting on the promotions, Greg Harris, Head of Family Office Stonehage Fleming UK and Channel Islands, said: “We are delighted to recognise the outstanding achievements and contributions of our team members in these regions. These promotions demonstrate our commitment to fostering talent, creating opportunities for professional growth, and commitment to meeting the evolving needs of the world’s leading families and wealth creators. It also brings us great pleasure to welcome Bev on becoming Partner in Jersey. Since joining in 2020, she has been an invaluable addition to the team and to the families she advises.

Stonehage Fleming Makes Senior Compliance Appointments In Jersey And Guernsey

Stonehage Fleming (“Stonehage Fleming” or “the Group”), is delighted to announce recent Risk and Compliance appointments across its Channel Islands offices.

Candice Price has been appointed as the new Head of Risk and Compliance in Guernsey.

With over 31 years’ experience in risk and compliance, working across Guernsey, the UK, South Africa, Switzerland and Mauritius, Candice joined from Overseas Trust and Pension, where she was an Associate Director of Compliance, MLRO and MLCO, covering Guernsey and South Africa.

Candice will work with the Family Office team in Guernsey and risk and compliance teams across the Stonehage Fleming Group. She will also, later in 2023, assume prescribed officer responsibilities in relation to the Compliance Officer (CO), MLRO and MLCO for Stonehage Fleming’s operational entities in Guernsey, reporting to Paul Le Bihan.

Paul Le Bihan, a director in the risk and compliance team, has been promoted to Head of Risk and Compliance in Jersey. He is a Chartered Accountant, with 20 years’ experience in the Jersey financial services sector. Before joining the Group in 2016, he acted as CO, MLCO and MLRO for a Jersey – a US based hedge fund. Currently holding JFSC Key Person positions for the Jersey Corporate Funds division and its regulated clients, he will take over the JFSC registrations for the other Jersey business lines, and management of the Jersey risk and compliance team, from Hamish Ramsay.

Hamish joined the Group in 2017 and has 35 years’ broad experience in international finance. Following the acquisition in January 2022 of Maitland’s private client business, over 300 staff and 5 jurisdictions were added to the Group structure. Consequently, Hamish will now concentrate on his role as Group Head of Risk and Compliance - Family Office, with responsibility for 15 jurisdictions.

Ian Crosby, Global Head of Group Risk and Chairman of Stonehage Fleming Jersey, said: "We are delighted to welcome Candice to Stonehage Fleming. Her extensive experience and exceptional track record in risk and compliance make her an invaluable addition to our team. With her expertise, we are confident in her ability to ensure our clients' compliance needs are met and to drive our commitment to maintaining the highest standards of regulatory governance.

I have worked closely with Hamish and Paul over the last 6 years, and their knowledge, experience and teamwork have ensured that Stonehage Fleming Jersey maintain the highest standards of regulation despite the vast increase in global regulation and the speed of change in this sector. I’m thrilled that the Group have recognised the dedication and hard work of Paul, and his promotion is well deserved.

These appointments also reflect our ongoing dedication to being the distinguished independent adviser to the world’s leading families and wealth creators.”

Stonehage Fleming announces senior hire in Guernsey

Guernsey, 11 May 2023 – Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading international multi-family offices, is delighted to announce the appointment of Natasha Newell, as Director to the Group’s Family Office team in Guernsey.

Natasha has extensive experience of offshore trusts, having worked as a senior lawyer for some of the world’s leading offshore law firms, most recently Carey Olsen. She began her career as a competition lawyer in Brussels and subsequently qualified as an English barrister. She practiced out of a leading commercial set of barristers’ Chambers in London for over a decade. Natasha moved to Guernsey in 2014 and later qualified as a Guernsey Advocate. Her professional memberships include STEP, ACTAPS and the Chancery Bar Association.

Natasha’s broad commercial law background means that she is well placed to implement sound structured governance frameworks and deal with the types of cross-border estate and succession issues often faced by our clients.

Natasha has been appointed to the Board of Stonehage Fleming (Guernsey) Limited as well as the Boards of its Corporate Trustees and Corporate Directors. She will work closely with the Stonehage Fleming Family Office accounting, banking and investment teams. Her role is effective immediately and she will report directly to Iris Harvey, Head of Family Office Guernsey.

Iris Harvey, Head of Family Office, Stonehage Fleming Guernsey, said: “It is a pleasure to welcome Natasha to Stonehage Fleming. She is a seasoned and accomplished professional who brings a wealth of experience to our existing talented and dedicated team. Her appointment demonstrates our continued commitment to being the pre-eminent independent adviser to the world’s leading families and wealth creators and we are delighted to welcome her to the team.”

Stonehage Fleming Appoints Industry Stalwart as Head of Trusts and Estates

Independent multi-family office Stonehage Fleming is delighted to announce the appointment of Irma Dick to its team of Directors as Head of Trusts and Estates in South Africa.

She was most recently the Deputy Master of the Department of Justice and Constitutional Development at the Master of the High Court; a position she held since 1997. She joins Stonehage Fleming with significant experience on managing legal matters including deceased estates, curatorship estates, and testamentary and inter vivos trusts. Irma is also an admitted attorney.

Layve Rabinowitz, Head of Family Office for Stonehage Fleming in South Africa, said: “Irma brings a wealth of experience to our firm and a unique perspective from her history working at the Master of the High Court. We look forward to the benefits that her extensive knowledge will bring to our clients.”

Irma has been recognised for her professional contributions several times over the years including winning the Project Khaedu award for Core Skills. Project Khaedu looks to align policy development with implementation to create a positive impact on service delivery within government. She has helped to promote the empowerment of women, completed the IADE change leadership course and was awarded for best performance in labour dispute resolution by the LSSA Unisa Distance School for Legal Practice.

Irma Dick said: “I am excited to start this next professional chapter in a long journey working in the law. Stonehage Fleming is a reputable, long-term-orientated brand that I am proud to associate with. It’s a thrill to be able to turn my expertise towards family office and estate planning.”

Stonehage Fleming Appoints Trustee Director In Jersey

Stonehage Fleming (“Stonehage Fleming” or “the Group”) one of the world’s leading international multi-family offices, announces the appointment of Sarah Bartram-Lora Reina as a Trustee Director in the Jersey Family Office Division.

Sarah has over 30 years’ of experience in the financial services industry covering retail, private and investment banking; as well as trust and corporate services. She joins Stonehage Fleming from Ocorian Limited, where she was an Executive Director. Prior to this, Sarah was a Client Director at Zedra Trust Company (Jersey) Limited (formerly Barclays Private Bank & Trust Company Limited). Sarah is President of JATCo and was named in Citywealth’s Top 20 Trustees in 2023.

Sarah will work closely with clients, advisers, co-trustees and across divisions and business units within the Stonehage Fleming Group. She is based in Jersey and will report directly to Richard Stride, Head of Family Office Jersey. Her role is effective immediately.

Also joining Stonehage Fleming’s Jersey Family Office team is Claire Strecker as a Director in Risk & Compliance. Claire joins from Hawksford where she was a Fund Compliance Manager. Additional hires of Ashley Correia, Client Relationship Manager, Kim Wink, Compliance Manager, and Henry Mehigan as Senior Client Accountant, have also been made. All roles are effective immediately.

Ian Crosby, Chairman of Stonehage Fleming Jersey, said: “It is a pleasure to welcome Sarah to Stonehage Fleming. Sarah is a seasoned and accomplished Director with a wealth of experience in the financial services industry, she will bring invaluable insight and experience to our team and help to further enhance our offering to our clients.

The hire of Sarah, alongside the other multiple hires, is a further demonstration of our commitment of building out our offering and presence here in Jersey. We are thrilled to welcome so many new faces to our extremely talented Jersey team.”

Sarah Bartram-Lora Reina added: “I am delighted to join Stonehage Fleming and the highly experienced and qualified team. I look forward to working closely with my new colleagues across the Group as we continue to support the ever-evolving client base to ensure effective management of wealth.”