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