Stonehage Fleming

Stonehage Fleming
Founded 1873
Founder Robert Fleming
Website stonehagefleming.com

Stonehage Fleming is a London-based wealth management company, a multi-family office, that invests on behalf of wealthy families, individuals and charitable endowments.

History

The forerunner organisation to FF&P was set up by Robert Fleming in 1873,[1] and Stonehage was set up in London in 1976.[2]

It was initially named Stonehage Fleming Family and Partners before rebranding as Stonehage Fleming in September 2015.[3]

In November 2014, the merger between the rival London-base investment offices, Fleming Family & Partners and Stonehage was announced. According to the Financial Times, this would make the new firm, the "largest independent multifamily office business in Europe, the Middle East and Africa".[4][1]

Operations

As of 2014, Stonehage Fleming had $43bn in assets under administration, including $11bn in assets under management and total revenues of about $160m, serving over 250 wealthy families.[4]

People

The chairman of Fleming Family & Partners was Adam Fleming,[5] and shareholders included the Syrian billionaire Wafic Saïd, and Edward Tollemache, son of Timothy Tollemache, 5th Baron Tollemache.[6] Following the rebranding in September 2015, the chairman Adam Fleming and his relative Peter Fleming both stepped down from the UK board.[3]

References

  1. 1 2 "Fleming family business posts falling profits after Russian exit". Telegraph. Retrieved 2016-01-15.
  2. "The International Family Office : Stonehage Fleming" (PDF). Stonehagefleming.com. Retrieved 2016-01-15.
  3. 1 2 "Stonehage Fleming rebrands following merger completion". Citywire. 2015-09-09. Retrieved 2016-01-15.
  4. 1 2 Agnew, Harriet (6 November 2014). "Fleming Family to merge with rival Stonehage". The Financial Times. Retrieved 15 January 2016.
  5. Creamer, Martin (18 October 2013). "Adam Fleming". Mining Weekly.
  6. "Fleming’s licence to thrill backers". The Sunday Times. Retrieved 2016-01-15.

External links


This article is issued from Wikipedia - version of the Friday, April 29, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.