Stonehage Fleming expands Art Management Division with Acquisition of Omniarte
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the acquisition of OmniArte, a Zurich based art management and advisory business. The Stonehage Fleming Art Management Division, which today manages art collections worth several billion Pounds, was launched in 2007.
As part of the acquisition, Maria de Peverelli becomes Executive Chairman of the Art Management Division. In this newly created role at Stonehage Fleming, Maria will work closely with Georgina Hepburne Scott, Head of Art Management, and will continue to work between London, Italy and Switzerland. As part of the transaction, Stonehage Fleming will also add two highly experienced art registrars and research professionals to their office in Zurich.
OmniArte was founded in 2005 by Maria de Peverelli and serves a European client base that includes individuals, family offices, foundations and trusts and estates. Maria is a Trustee of the Yorkshire Sculpture Park and of the Estorick Collection and also serves as a member of the board of Advisers of the Fondazione Palazzo Strozzi, Florence. Prior to establishing OmniArte, Maria was gallery Director of the Villa Favorita in Lugano (Thyssen-Bornemisza collection).
Commenting on the transaction, Steve Kettle, Partner responsible for Art Management at Stonehage Fleming said: “Art is very much part of the Stonehage Fleming DNA and Art Management has been a core part of our Multi Family Office offering since Georgina established the highly successful division in 2007. Whilst a collector’s tastes may change from time to time, an art management platform continues as the backbone to a collection. The transaction enhances our cross-border art management capabilities and provides the further expertise necessary to position us as the leader in Art Management. Maria is a seasoned art professional and curator and has an excellent reputation in the art world. Our clients have already begun to benefit from her extensive experience.”
Georgina Hepburne Scott, Head of Art Management at Stonehage Fleming, added: “We serve as Art Gatekeepers, working with clients at every stage of collecting. Our comprehensive service includes governance and legal oversight, cataloguing and insurance, coordination of purchases, sales and exhibition loans as well as succession planning. Maria’s curatorial experience in continental Europe will further bolster our existing offering and we look forward to working with Maria.”
Maria de Peverelli, Founder of OmniArte said: “Joining Stonehage Fleming is an exciting next step in my career and I look forward to benefiting from a broader sounding board. I have always considered Stonehage Fleming to be a ‘Family Office with a heart’. My love affair with Stonehage Fleming began when I realised that we shared the same passion for art - which is different to the current trend whereby art is increasingly viewed as merely an investment asset. Further, we share a common mission to place our clients’ best interests first by focussing on the preservation, protection and valorisation of art whilst also considering the future options available for a collection.”
Stonehage Fleming hires two senior Bankers from UBS
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the appointments of two new Senior Business Developers in Switzerland.
Florin Hug and Andreas Pankow have been hired to further strengthen Stonehage Fleming’s business in continental Europe and to promote the Group’s broader capabilities and depth of practical knowledge to international clients.
Florin Hug joins from UBS, where he spent fifteen years in a variety of client facing roles, latterly as Executive Director for ultra-high net worth clients (family offices and institutional clients). He has twenty-two years of banking industry experience and holds a master degree from University of Bern, Switzerland and from William E. Simon Graduate School of Business Administration, University of Rochester, New York, United States.
Andreas Pankow has worked in the banking industry for more than fifteen years, most recently at UBS as an Executive Director for ultra-high net worth clients (family offices and institutional clients). Prior to joining UBS, Andreas spent five years at Credit Suisse as Senior Vice President and Head of Investment Consulting (Germany). He holds a master degree from European Business School in Frankfurt, Germany, San Diego State University, United States and Ecole Supérieure de Commerce, Tours, France.
Florin and Andreas both joined the Zurich office in May and report to Andreas Knecht and Mark McMullen.
Commenting on the appointments, Mark McMullen CEO of Stonehage Fleming Family Office, said: “Florin and Andreas both have impressive backgrounds in supporting ultra-high net worth clients in both the Swiss and German markets and their experience is well suited to our distinctive integrated family office approach. Both roles are newly created and we look forward to seeing them develop our organisation further.”
Andreas Knecht, CEO - Swiss Investment Management - at Stonehage Fleming, added: “Switzerland is an important market for Stonehage Fleming and we are sure that Florin and Andreas will enable us to expand our presence here. Both will work closely with our international offices.”
Florin Hug and Andreas Pankow concluded: “As the largest multi family office in Europe, Stonehage Fleming already possesses an impressive international client base and an award winning proposition. We are excited to have been given the opportunity to contribute to the continued growth of the Group. With their multi-disciplinary advisory model, Stonehage Fleming are pioneers of the family office industry and, in the changing landscape of wealth management, they are well positioned to address the challenges and respond to the evolving needs of successful entrepreneurs and families of wealth.”
In the two years since the merger that created Stonehage Fleming, the Group has won over 60 new mandates from clients and now looks after well over 250 substantial families globally. Assets under administration and management stand at over GBP35bn (USD43bn) (to December 2016) and the Group employs over 520 staff in eight jurisdictions. The firm is the largest Family Office in the EMEA region, ideally placed to understand and respond to the complex and rapidly evolving economic and political environment.
UK Multi Family Office makes double hire for Swiss branch
London-headquartered family office Stonehage Fleming has appointed Florin Hug (pictured) and Andreas Pankow as senior business directors of its Swiss subsidiary located in Zurich.
Commenting on the appointments, Mark McMullen CEO of Stonehage Fleming Family Office, said: “Florin and Andreas both have impressive backgrounds in supporting ultra-high net worth clients in both the Swiss and German markets and their experience is well suited to our distinctive integrated family office approach. Both roles are newly created and we look forward to seeing them develop our organisation further.”
Andreas Knecht, CEO – Swiss Investment Management – at Stonehage Fleming, added: “Switzerland is an important market for Stonehage Fleming and we are sure that Florin and Andreas will enable us to expand our presence here. Both will work closely with our international offices.” Stonehage Fleming’s assets under administration and management stood at over £35bn (€41.6bn) as of end-December 2016.
Read more via Investment Europe
Stonehage Fleming expands Art Management Division with Acquisition of Omniarte
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the acquisition of OmniArte, a Zurich based art management and advisory business. The Stonehage Fleming Art Management Division, which today manages art collections worth several billion Pounds, was launched in 2007.
As part of the acquisition, Maria de Peverelli becomes Executive Chairman of the Art Management Division. In this newly created role at Stonehage Fleming, Maria will work closely with Georgina Hepburne Scott, Head of Art Management, and will continue to work between London, Italy and Switzerland. As part of the transaction, Stonehage Fleming will also add two highly experienced art registrars and research professionals to their office in Zurich.
OmniArte was founded in 2005 by Maria de Peverelli and serves a European client base that includes individuals, family offices, foundations and trusts and estates. Maria is a Trustee of the Yorkshire Sculpture Park and of the Estorick Collection and also serves as a member of the board of Advisers of the Fondazione Palazzo Strozzi, Florence. Prior to establishing OmniArte, Maria was gallery Director of the Villa Favorita in Lugano (Thyssen-Bornemisza collection).
Commenting on the transaction, Steve Kettle, Partner responsible for Art Management at Stonehage Fleming said: “Art is very much part of the Stonehage Fleming DNA and Art Management has been a core part of our Multi Family Office offering since Georgina established the highly successful division in 2007. Whilst a collector’s tastes may change from time to time, an art management platform continues as the backbone to a collection. The transaction enhances our cross-border art management capabilities and provides the further expertise necessary to position us as the leader in Art Management. Maria is a seasoned art professional and curator and has an excellent reputation in the art world. Our clients have already begun to benefit from her extensive experience.”
Georgina Hepburne Scott, Head of Art Management at Stonehage Fleming, added: “We serve as Art Gatekeepers, working with clients at every stage of collecting. Our comprehensive service includes governance and legal oversight, cataloguing and insurance, coordination of purchases, sales and exhibition loans as well as succession planning. Maria’s curatorial experience in continental Europe will further bolster our existing offering and we look forward to working with Maria.”
Maria de Peverelli, Founder of OmniArte said: “Joining Stonehage Fleming is an exciting next step in my career and I look forward to benefiting from a broader sounding board. I have always considered Stonehage Fleming to be a ‘Family Office with a heart’. My love affair with Stonehage Fleming began when I realised that we shared the same passion for art - which is different to the current trend whereby art is increasingly viewed as merely an investment asset. Further, we share a common mission to place our clients’ best interests first by focussing on the preservation, protection and valorisation of art whilst also considering the future options available for a collection.”
Stonehage Fleming hires two senior Bankers from UBS
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the appointments of two new Senior Business Developers in Switzerland.
Florin Hug and Andreas Pankow have been hired to further strengthen Stonehage Fleming’s business in continental Europe and to promote the Group’s broader capabilities and depth of practical knowledge to international clients.
Florin Hug joins from UBS, where he spent fifteen years in a variety of client facing roles, latterly as Executive Director for ultra-high net worth clients (family offices and institutional clients). He has twenty-two years of banking industry experience and holds a master degree from University of Bern, Switzerland and from William E. Simon Graduate School of Business Administration, University of Rochester, New York, United States.
Andreas Pankow has worked in the banking industry for more than fifteen years, most recently at UBS as an Executive Director for ultra-high net worth clients (family offices and institutional clients). Prior to joining UBS, Andreas spent five years at Credit Suisse as Senior Vice President and Head of Investment Consulting (Germany). He holds a master degree from European Business School in Frankfurt, Germany, San Diego State University, United States and Ecole Supérieure de Commerce, Tours, France.
Florin and Andreas both joined the Zurich office in May and report to Andreas Knecht and Mark McMullen.
Commenting on the appointments, Mark McMullen CEO of Stonehage Fleming Family Office, said: “Florin and Andreas both have impressive backgrounds in supporting ultra-high net worth clients in both the Swiss and German markets and their experience is well suited to our distinctive integrated family office approach. Both roles are newly created and we look forward to seeing them develop our organisation further.”
Andreas Knecht, CEO - Swiss Investment Management - at Stonehage Fleming, added: “Switzerland is an important market for Stonehage Fleming and we are sure that Florin and Andreas will enable us to expand our presence here. Both will work closely with our international offices.”
Florin Hug and Andreas Pankow concluded: “As the largest multi family office in Europe, Stonehage Fleming already possesses an impressive international client base and an award winning proposition. We are excited to have been given the opportunity to contribute to the continued growth of the Group. With their multi-disciplinary advisory model, Stonehage Fleming are pioneers of the family office industry and, in the changing landscape of wealth management, they are well positioned to address the challenges and respond to the evolving needs of successful entrepreneurs and families of wealth.”
In the two years since the merger that created Stonehage Fleming, the Group has won over 60 new mandates from clients and now looks after well over 250 substantial families globally. Assets under administration and management stand at over GBP35bn (USD43bn) (to December 2016) and the Group employs over 520 staff in eight jurisdictions. The firm is the largest Family Office in the EMEA region, ideally placed to understand and respond to the complex and rapidly evolving economic and political environment.
UK Multi Family Office makes double hire for Swiss branch
London-headquartered family office Stonehage Fleming has appointed Florin Hug (pictured) and Andreas Pankow as senior business directors of its Swiss subsidiary located in Zurich.
Commenting on the appointments, Mark McMullen CEO of Stonehage Fleming Family Office, said: “Florin and Andreas both have impressive backgrounds in supporting ultra-high net worth clients in both the Swiss and German markets and their experience is well suited to our distinctive integrated family office approach. Both roles are newly created and we look forward to seeing them develop our organisation further.”
Andreas Knecht, CEO – Swiss Investment Management – at Stonehage Fleming, added: “Switzerland is an important market for Stonehage Fleming and we are sure that Florin and Andreas will enable us to expand our presence here. Both will work closely with our international offices.” Stonehage Fleming’s assets under administration and management stood at over £35bn (€41.6bn) as of end-December 2016.
Read more via Investment Europe
Stonehage Fleming opens Canadian gateway office
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the opening of its new Canadian representative office, Stonehage Fleming (Canada) Inc. The office, located in Toronto, will be led by Mike Moodie who has been appointed Partner, having served as a Consultant to the Group and Board Member of Stonehage Fleming’s US operating company.
The representative office, opened in April 2017, is located in the heart of Toronto’s financial district at First Canadian Place and will serve as a gateway for high net worth Canadian residents with international needs to access Stonehage Fleming’s award-winning global network of offices and capabilities.
Mike Moodie’s role as Partner is effective immediately, reporting to Mark McMullen, CEO of Family Office at Stonehage Fleming. Mike will work closely with Stonehage Fleming’s Zurich office, which is authorised to handle the investment affairs of select Canadian resident clients, as well as, Peter Rosenberg, Partner and Head of our office in the US, and Stonehage Fleming’s London and Jersey offices in the British Isles.
Commenting on the announcement, Mark McMullen, CEO, Family Office at Stonehage Fleming said: “We are pleased to announce Mike’s appointment to Partner and the opening of our new representative office in Toronto. This demonstrates our commitment to providing holistic cross-border wealth management solutions to international families with interests in North America, as well as on the ground relationship management support to our existing clients based in Canada.
“Mike’s broad industry experience and contacts gained during a 30 year career with RBC, where as a senior executive he was responsible for growing the international wealth management businesses during subsequent postings in Canada, The Caribbean, USA and UK, make him a valuable asset for our growth ambitions as the leading international family office firm globally.”
Mike Moodie added: “I am excited to have been given the opportunity to lead the Canadian representative office as we seek to broaden our reach to Canadian residents looking for access to tailored wealth management solutions for their cross-border needs and objectives.
“In today’s complex world, it is increasingly likely that high net worth families need cross-border support to help simplify and coordinate their affairs, due to family members, assets, or business investments being spread across multiple jurisdictions. I strongly believe that Stonehage Fleming’s award-winning capabilities, cherished heritage as an international family office and independent ownership, will not only be welcomed but also align well with the long-term interests of Canadian resident clients who have cross-border profiles.”
In the two years since the merger that created Stonehage Fleming, the Group has won over 60 new mandates from clients and now looks after well over 250 substantial families globally. Assets under administration and management stand at over GBP35bn (USD43bn) (to December 2016) and the Group employs over 520 staff in eight jurisdictions. The firm is the largest Family Office in the EMEA region, ideally placed to understand and respond to the complex and rapidly evolving economic and political environment.
Stonehage Fleming open office in Toronto
Stonehage Fleming has opened a Canadian representative office, Stonehage Fleming (Canada), in Toronto.
It will be led by Mike Moodie who has been appointed partner, having served as a consultant to the group and board member of Stonehage Fleming’s US operating company.
The representative office, opened in April 2017, is located in the heart of Toronto’s financial district at First Canadian Place and will serve as a gateway for high net worth Canadian residents with international needs.
Moodie’s role as partner is effective immediately, reporting to Mark McMullen, CEO of Family Office at Stonehage Fleming. He will work closely with Stonehage Fleming’s Zurich office, which is authorised to handle the investment affairs of select Canadian resident clients, as well as Peter Rosenberg, partner and head of the office in the US, and Stonehage Fleming’s London and Jersey offices in the British Isles.
McMullen says: “We are pleased to announce Mike’s appointment to Partner and the opening of our new representative office in Toronto. This demonstrates our commitment to providing holistic cross-border wealth management solutions to international families with interests in North America, as well as on the ground relationship management support to our existing clients based in Canada.
“Mike’s broad industry experience and contacts gained during a 30 year career with RBC, where as a senior executive he was responsible for growing the international wealth management businesses during subsequent postings in Canada, The Caribbean, US and UK, make him a valuable asset for our growth ambitions as the leading international family office firm globally.”
Moodie adds: “I am excited to have been given the opportunity to lead the Canadian representative office as we seek to broaden our reach to Canadian residents looking for access to tailored wealth management solutions for their cross-border needs and objectives.
In today’s complex world, it is increasingly likely that high net worth families need cross-border support to help simplify and coordinate their affairs, due to family members, assets, or business investments being spread across multiple jurisdictions. I strongly believe that Stonehage Fleming’s award-winning capabilities, cherished heritage as an international family office and independent ownership, will not only be welcomed but also align well with the long-term interests of Canadian resident clients who have cross-border profiles.”
CICC Family Wealth Management Forum, Shanghai
How to protect and manage family legacies for generations? How to break the curse of ‘clogs to clogs in three generations’? How to become the long lasting family with sustained vitality?
Stonehage Fleming joined China International Capital Corporation, VCP Advisors and Shanghai Advanced Institute of Finance at the 2017 CICC Family Wealth Management Forum in Shanghai.
The team and a host of academic experts and industry practitioners explored the challenges facing high net worth families and identified what solutions are available within the current turbulent financial market.
Lord Robin Renwick, Non-Executive Director, delivered a keynote speech on Geopolitical changes in UK and Europe and Adam Fleming, Deputy Chairman, presented the history of the Fleming family and Stonehage Fleming.
Mark McMullen, CEO Family Office, and Matthew Fleming, Partner, joined the panel discussion on ‘Service and demand for family office’. Gerrit Smit, Head of Direct Equity Management discussed ‘Overseas Investment and Asset Allocation’.
Stonehage Fleming opens Canadian gateway office
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the opening of its new Canadian representative office, Stonehage Fleming (Canada) Inc. The office, located in Toronto, will be led by Mike Moodie who has been appointed Partner, having served as a Consultant to the Group and Board Member of Stonehage Fleming’s US operating company.
The representative office, opened in April 2017, is located in the heart of Toronto’s financial district at First Canadian Place and will serve as a gateway for high net worth Canadian residents with international needs to access Stonehage Fleming’s award-winning global network of offices and capabilities.
Mike Moodie’s role as Partner is effective immediately, reporting to Mark McMullen, CEO of Family Office at Stonehage Fleming. Mike will work closely with Stonehage Fleming’s Zurich office, which is authorised to handle the investment affairs of select Canadian resident clients, as well as, Peter Rosenberg, Partner and Head of our office in the US, and Stonehage Fleming’s London and Jersey offices in the British Isles.
Commenting on the announcement, Mark McMullen, CEO, Family Office at Stonehage Fleming said: “We are pleased to announce Mike’s appointment to Partner and the opening of our new representative office in Toronto. This demonstrates our commitment to providing holistic cross-border wealth management solutions to international families with interests in North America, as well as on the ground relationship management support to our existing clients based in Canada.
“Mike’s broad industry experience and contacts gained during a 30 year career with RBC, where as a senior executive he was responsible for growing the international wealth management businesses during subsequent postings in Canada, The Caribbean, USA and UK, make him a valuable asset for our growth ambitions as the leading international family office firm globally.”
Mike Moodie added: “I am excited to have been given the opportunity to lead the Canadian representative office as we seek to broaden our reach to Canadian residents looking for access to tailored wealth management solutions for their cross-border needs and objectives.
“In today’s complex world, it is increasingly likely that high net worth families need cross-border support to help simplify and coordinate their affairs, due to family members, assets, or business investments being spread across multiple jurisdictions. I strongly believe that Stonehage Fleming’s award-winning capabilities, cherished heritage as an international family office and independent ownership, will not only be welcomed but also align well with the long-term interests of Canadian resident clients who have cross-border profiles.”
In the two years since the merger that created Stonehage Fleming, the Group has won over 60 new mandates from clients and now looks after well over 250 substantial families globally. Assets under administration and management stand at over GBP35bn (USD43bn) (to December 2016) and the Group employs over 520 staff in eight jurisdictions. The firm is the largest Family Office in the EMEA region, ideally placed to understand and respond to the complex and rapidly evolving economic and political environment.
Stonehage Fleming open office in Toronto
Stonehage Fleming has opened a Canadian representative office, Stonehage Fleming (Canada), in Toronto.
It will be led by Mike Moodie who has been appointed partner, having served as a consultant to the group and board member of Stonehage Fleming’s US operating company.
The representative office, opened in April 2017, is located in the heart of Toronto’s financial district at First Canadian Place and will serve as a gateway for high net worth Canadian residents with international needs.
Moodie’s role as partner is effective immediately, reporting to Mark McMullen, CEO of Family Office at Stonehage Fleming. He will work closely with Stonehage Fleming’s Zurich office, which is authorised to handle the investment affairs of select Canadian resident clients, as well as Peter Rosenberg, partner and head of the office in the US, and Stonehage Fleming’s London and Jersey offices in the British Isles.
McMullen says: “We are pleased to announce Mike’s appointment to Partner and the opening of our new representative office in Toronto. This demonstrates our commitment to providing holistic cross-border wealth management solutions to international families with interests in North America, as well as on the ground relationship management support to our existing clients based in Canada.
“Mike’s broad industry experience and contacts gained during a 30 year career with RBC, where as a senior executive he was responsible for growing the international wealth management businesses during subsequent postings in Canada, The Caribbean, US and UK, make him a valuable asset for our growth ambitions as the leading international family office firm globally.”
Moodie adds: “I am excited to have been given the opportunity to lead the Canadian representative office as we seek to broaden our reach to Canadian residents looking for access to tailored wealth management solutions for their cross-border needs and objectives.
In today’s complex world, it is increasingly likely that high net worth families need cross-border support to help simplify and coordinate their affairs, due to family members, assets, or business investments being spread across multiple jurisdictions. I strongly believe that Stonehage Fleming’s award-winning capabilities, cherished heritage as an international family office and independent ownership, will not only be welcomed but also align well with the long-term interests of Canadian resident clients who have cross-border profiles.”
CICC Family Wealth Management Forum, Shanghai
How to protect and manage family legacies for generations? How to break the curse of ‘clogs to clogs in three generations’? How to become the long lasting family with sustained vitality?
Stonehage Fleming joined China International Capital Corporation, VCP Advisors and Shanghai Advanced Institute of Finance at the 2017 CICC Family Wealth Management Forum in Shanghai.
The team and a host of academic experts and industry practitioners explored the challenges facing high net worth families and identified what solutions are available within the current turbulent financial market.
Lord Robin Renwick, Non-Executive Director, delivered a keynote speech on Geopolitical changes in UK and Europe and Adam Fleming, Deputy Chairman, presented the history of the Fleming family and Stonehage Fleming.
Mark McMullen, CEO Family Office, and Matthew Fleming, Partner, joined the panel discussion on ‘Service and demand for family office’. Gerrit Smit, Head of Direct Equity Management discussed ‘Overseas Investment and Asset Allocation’.
Stonehage Fleming Corporate Finance - Transaction Announcement
Stonehage Fleming Corporate Finance is delighted to report the successful completion of the sale of The Watch Gallery to Bucherer.
Stonehage Fleming Advisory Limited, led by Richard Hill and Nick Smith, acted as financial advisor to the shareholders of The Watch Gallery on the transaction.
The Watch Gallery, based in London, is the UK’s leading independent luxury watch retailer. The Watch Gallery owns the largest luxury watch concession in Europe at Selfridges Oxford Street, runs the UK’s leading luxury watch website (www.thewatchgallery.com) and is a strategic partner for Rolex with 4 stores in London including the largest in Europe at One Hyde Park, Knightsbridge.
Bucherer, the family owned business founded in 1888 and now led by Jörg G Bucherer, is the leading luxury watch and jewellery retailer in Europe, with over 1,600 employees. The Bucherer brand is present in 29 exclusive locations, with 16 points of sale in Switzerland, 10 stores in Germany, 1 flagship boutique in Vienna, 1 boutique in Paris (the world’s largest watch and jewellery store) and, since 2016, one store in Copenhagen, Denmark.
For further information please contact:
Richard Hill
+44 (0)20 7036 5724
Richard.hill@stonehagefleming.com
Nick Smith
+44 (0)20 7036 5609
Nicholas.smith@stonehagefleming.com
Pub Club: Susie Hillier and Richard Bertin, Stonehage Fleming Wealth Planning
Boulestin is a stylish French restaurant in historic St James’s, named after famous culinary innovator Marcel Boulestin, who was described in The New Yorker in 1932 as a ‘Doctor of the Philosophy of the table, Culinary Ambassador to the English, intelligent gentleman of France, man of the world, essayist of vigor and charm…’
We will have to take their word for that, writes Steve Plowman. What I can be sure of, is that I am joined there by an intelligent duo of vigour and charm, Susie Hillier and Richard Bertin of Stonehage Fleming Wealth Planning.
Bertin begins by suggesting that Hillier start our lunch by talking a little about her background, and after a little verbal tennis, Hillier obliges. ‘I initially started out in an insurance group, which was incredibly useful as I learned all of the things that I did not want to do. ‘It became clear that from a regulatory point of view, it was becoming very hard for an accountancy business to offer the same level of service as an investment planning business.
Having previously worked at Deloitte, I needed a brand that my client base could trust. Luckily for me, Richard had done the hard work in setting the business up.’ Hillier continues: ‘We then spent the next three years building the Fleming brand. From a Stonehage Fleming, multi-family office point of view, we joined that party in the summer.’
Read more via Citywire Wealth Manager
STEP 60-second interview with Mark McMullen
What is your role within your firm?
I am CEO of our family office division, and also serve as a key advisor to a number of high net worth international families.
How did it feel to win a STEP Private Client Award?
It is a real honour to be awarded the Multi-Family Office of the Year Award by STEP for the second consecutive year. We strive to set new standards of excellence for the wealth management industry, putting the family at the heart of everything we do, and are proud of this continued recognition as we work toward our goal of becoming one of the world’s leading family offices.
Why is winning a STEP PCA important to your firm?
The STEP PCA is a clear mark of quality, and winning it is a further endorsement of our reputation, our commitment to the international private wealth sector and of the high standards our team consistently delivers. The award is recognised by peers and clients and is a huge motivator for our staff.
What are the main challenges facing your organisation/practitioners at the moment?
I see two main issues – one facing our business and one facing our clients. The strength of our defences around client data is top of our minds for us as an organisation. Storing valuable information that is often regulated, potentially sensitive and private, makes it essential we remain diligent in protecting our clients’ data. For our clients, a sensitive and well-constructed approach to governance and succession planning should be a priority. Our recent thought piece, Four Pillars of Capital for the Twenty-First Century, highlighted quite stark differences between the generations’ views on succession planning.
How will you deal with these challenges?
We are constantly investing in technology and ways to further strengthen our security across the group, offering clients the peace of mind that their data is protected. Firstly it is all about employing the right people, who really understand security and follow best practice, and educating them on changing trends and technology. Outside the technology team we also implement rigorous staff training across the group through our risk and compliance departments. Secondly, we are continually evaluating our security, running daily automated testing on internet points and regular independent penetrating testing through world specialists. Intergenerational transfer is a crucial part of what we do, and we believe passionately that helping families identify and articulate the purpose of their wealth is as important as its management. We have extensive experience in this area, which the judges were kind enough to highlight, as well as promoting education and engagement with the next generation, through running two courses annually in the UK.
What do you like best about your job?
I have the opportunity to work with dynamic and stimulating people – both clients and colleagues. .. and what do you feel is most worthwhile? As trusted advisors, we are in the business of helping families preserve and grow their wealth. Building relationships to enable us to help them in this way, is demanding but very rewarding.
What would you say to a young person thinking of a career in this industry?
Experience will only be acquired over time, so technical competence (validated where possible through appropriate qualifications) is a vital starting point. And take technology very seriously.
Where do you see future growth, both in terms of sectors and jurisdictions?
We are the leading family office in the Europe, Middle East and Africa region, looking after a core group of some 250 families. We have an abundance of opportunity to further increase our client base within the region, including in the UK. In addition, we have always believed that you cannot serve families properly without the experience of dealing with their US based interests and family members, and have had a presence in the US for a number of years – we see significant growth potential here too.
Which social media channels do you use and why?
Social media is an increasingly important, particularly when it comes to engaging with the next generation. We are just starting to use Twitter (@SF_FamilyOffice) and Linked In to raise brand awareness for the Stonehage Fleming Group and strengthen our professional networks. We also recognise the contribution our employees could make in shaping industry conversation, and will start to explore this via social media in the future.
Stonehage Fleming Corporate Finance - Transaction Announcement
Stonehage Fleming Corporate Finance is delighted to report the successful completion of the sale of The Watch Gallery to Bucherer.
Stonehage Fleming Advisory Limited, led by Richard Hill and Nick Smith, acted as financial advisor to the shareholders of The Watch Gallery on the transaction.
The Watch Gallery, based in London, is the UK’s leading independent luxury watch retailer. The Watch Gallery owns the largest luxury watch concession in Europe at Selfridges Oxford Street, runs the UK’s leading luxury watch website (www.thewatchgallery.com) and is a strategic partner for Rolex with 4 stores in London including the largest in Europe at One Hyde Park, Knightsbridge.
Bucherer, the family owned business founded in 1888 and now led by Jörg G Bucherer, is the leading luxury watch and jewellery retailer in Europe, with over 1,600 employees. The Bucherer brand is present in 29 exclusive locations, with 16 points of sale in Switzerland, 10 stores in Germany, 1 flagship boutique in Vienna, 1 boutique in Paris (the world’s largest watch and jewellery store) and, since 2016, one store in Copenhagen, Denmark.
For further information please contact:
Richard Hill
+44 (0)20 7036 5724
Richard.hill@stonehagefleming.com
Nick Smith
+44 (0)20 7036 5609
Nicholas.smith@stonehagefleming.com
Pub Club: Susie Hillier and Richard Bertin, Stonehage Fleming Wealth Planning
Boulestin is a stylish French restaurant in historic St James’s, named after famous culinary innovator Marcel Boulestin, who was described in The New Yorker in 1932 as a ‘Doctor of the Philosophy of the table, Culinary Ambassador to the English, intelligent gentleman of France, man of the world, essayist of vigor and charm…’
We will have to take their word for that, writes Steve Plowman. What I can be sure of, is that I am joined there by an intelligent duo of vigour and charm, Susie Hillier and Richard Bertin of Stonehage Fleming Wealth Planning.
Bertin begins by suggesting that Hillier start our lunch by talking a little about her background, and after a little verbal tennis, Hillier obliges. ‘I initially started out in an insurance group, which was incredibly useful as I learned all of the things that I did not want to do. ‘It became clear that from a regulatory point of view, it was becoming very hard for an accountancy business to offer the same level of service as an investment planning business.
Having previously worked at Deloitte, I needed a brand that my client base could trust. Luckily for me, Richard had done the hard work in setting the business up.’ Hillier continues: ‘We then spent the next three years building the Fleming brand. From a Stonehage Fleming, multi-family office point of view, we joined that party in the summer.’
Read more via Citywire Wealth Manager
STEP 60-second interview with Mark McMullen
What is your role within your firm?
I am CEO of our family office division, and also serve as a key advisor to a number of high net worth international families.
How did it feel to win a STEP Private Client Award?
It is a real honour to be awarded the Multi-Family Office of the Year Award by STEP for the second consecutive year. We strive to set new standards of excellence for the wealth management industry, putting the family at the heart of everything we do, and are proud of this continued recognition as we work toward our goal of becoming one of the world’s leading family offices.
Why is winning a STEP PCA important to your firm?
The STEP PCA is a clear mark of quality, and winning it is a further endorsement of our reputation, our commitment to the international private wealth sector and of the high standards our team consistently delivers. The award is recognised by peers and clients and is a huge motivator for our staff.
What are the main challenges facing your organisation/practitioners at the moment?
I see two main issues – one facing our business and one facing our clients. The strength of our defences around client data is top of our minds for us as an organisation. Storing valuable information that is often regulated, potentially sensitive and private, makes it essential we remain diligent in protecting our clients’ data. For our clients, a sensitive and well-constructed approach to governance and succession planning should be a priority. Our recent thought piece, Four Pillars of Capital for the Twenty-First Century, highlighted quite stark differences between the generations’ views on succession planning.
How will you deal with these challenges?
We are constantly investing in technology and ways to further strengthen our security across the group, offering clients the peace of mind that their data is protected. Firstly it is all about employing the right people, who really understand security and follow best practice, and educating them on changing trends and technology. Outside the technology team we also implement rigorous staff training across the group through our risk and compliance departments. Secondly, we are continually evaluating our security, running daily automated testing on internet points and regular independent penetrating testing through world specialists. Intergenerational transfer is a crucial part of what we do, and we believe passionately that helping families identify and articulate the purpose of their wealth is as important as its management. We have extensive experience in this area, which the judges were kind enough to highlight, as well as promoting education and engagement with the next generation, through running two courses annually in the UK.
What do you like best about your job?
I have the opportunity to work with dynamic and stimulating people – both clients and colleagues. .. and what do you feel is most worthwhile? As trusted advisors, we are in the business of helping families preserve and grow their wealth. Building relationships to enable us to help them in this way, is demanding but very rewarding.
What would you say to a young person thinking of a career in this industry?
Experience will only be acquired over time, so technical competence (validated where possible through appropriate qualifications) is a vital starting point. And take technology very seriously.
Where do you see future growth, both in terms of sectors and jurisdictions?
We are the leading family office in the Europe, Middle East and Africa region, looking after a core group of some 250 families. We have an abundance of opportunity to further increase our client base within the region, including in the UK. In addition, we have always believed that you cannot serve families properly without the experience of dealing with their US based interests and family members, and have had a presence in the US for a number of years – we see significant growth potential here too.
Which social media channels do you use and why?
Social media is an increasingly important, particularly when it comes to engaging with the next generation. We are just starting to use Twitter (@SF_FamilyOffice) and Linked In to raise brand awareness for the Stonehage Fleming Group and strengthen our professional networks. We also recognise the contribution our employees could make in shaping industry conversation, and will start to explore this via social media in the future.