Stonehage Fleming supports the Duke of Edinburgh’s International Award

The Award will be delivered by Afrika Tikkun reaching 685 disadvantaged young people over three years

Stonehage Fleming (“the Group”), the leading independently owned international multi-family office, is pleased to announce its commitment to provide three years of support to The Duke of Edinburgh’s International Award (“the Award”). The donations will directly support the work of the President’s Award for Youth Empowerment in South Africa, helping to engage young people in disadvantaged communities. It will be delivered by the Group’s charitable partner and leading non-profit organisation, Afrika Tikkun.

Established in 1956 by HRH The Prince Philip, Duke of Edinburgh, The Duke of Edinburgh’s International Award is a global framework which empowers young people to learn and grow through non-formal education and learning, all while working towards internationally recognised accreditation. Operating in more than 130 countries and territories, the Award supports 14-25 year olds to develop transferrable skills, get active, cultivate a sense of adventure and volunteer in their community.

The Award is delivered through a range of national and local partners worldwide, including The President’s Award for Youth Empowerment in South Africa, where almost 4,000 young people are currently taking part, supported by 600 volunteers.

Stonehage Fleming has a longstanding relationship with Afrika Tikkun and together they support disadvantaged youth with education and social development. The Award will be available in all five of Afrika Tikkun’s centres across Gauteng and the Western Cape.

Chris Merry, Group CEO of Stonehage Fleming said: “Our new and extended partnership with Afrika Tikkun will allow more young people to take part in The Duke of Edinburgh’s International Award. Through our support, the Award will reach further into the most disadvantaged communities in South Africa, filling a gap and giving equal opportunities to develop essential skills and experience.”

“We are delighted to support such a worthy cause and proud to be part of the Award’s global ambition to reach an additional two million young people. We look forward to seeing the young people who take part grow and learn from their experience.”

John May, Secretary General of The Duke of Edinburgh’s International Award Foundation said: “This is an exciting partnership for the Award, the benefits of which will be shared by hundreds of young people in South Africa over the coming three years. Africa is one of the Award’s fastest growing regions, which makes this partnership with Stonehage Fleming and our friends at Afrika Tikkun all the more relevant. Thank you to Stonehage Fleming, for your support and commitment to young people as they discover their infinite potential through the Award.”

Carole Day, UK CEO of Afrika Tikkun UK said: “We are thrilled to now offer the Award at our centres in South Africa, where the most disadvantaged young people of our communities can come together to enhance their education outside of academia. The Award offers young people the chance to learn skills such as resilience, leadership, agency, and problem solving, giving them an opportunity to excel outside of the classroom with like-minded peers. Stonehage Fleming has been long supporters of the work we do, and we are proud to be able to provide the Award with their continued contribution.”

ENDS

FOR FURTHER INFORMATION, PLEASE CONTACT

MEDIA CONTACTS

Montfort Communications

Pippa Bailey / Isabel Garnon

E: stonehagefleming@montfort.london

T: +44 7738 912267 / +44 7772 207 207

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 GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world.

For more information visit: www.stonehagefleming.com

The Duke of Edinburgh’s International Award is a global, non-formal education and learning framework which challenges young people to develop new skills, get physically active, learn about teamwork and leadership through Adventurous Journey and volunteer within their community.

It was founded by HRH The Prince Philip, The Duke of Edinburgh in 1956, in conjunction with German educationalist Kurt Hahn.

It is known by a range of different names around the world – including The President’s Award in Kenya, DofE in the UK, The International Award for Young People in India and Mednarodno priznanje za mlade (MEPI) in Slovenia.

There are currently more than a million young people completing their own unique Award programme, via hundreds of thousands of youth-focused partners and operators, including schools, youth organisations, examination boards and youth offenders’ institutions.

From running as an established programme in a blind boys’ academy in India, to the introduction into youth organisations in Israel; the Award’s framework can support and thrive in a multitude of different environments.

Since its launch over 60 years ago, millions of young people have participated and received Awards, with millions more benefitting from its impact in communities around the world.

HRH The Earl of Wessex is Chairman of the Board of Trustees for The Duke of Edinburgh’s International Award Foundation.

For more information visit: www.intaward.org

Stonehage Fleming opens gateway office in Miami

Announces appointment of Lowry Brescia as client relationship manager

Today, Stonehage Fleming announces the opening of its new representative office in Florida and the appointment of Lowry Brescia in the position of Client Relationship Manager for the Group in Miami.

The representative office is located in the Brickell Avenue Financial District and is further evidence of Stonehage Fleming’s growing presence in North America. It will serve as a gateway for ultra / high net worth individuals and families in Florida and throughout Latin America to access Stonehage Fleming’s award-winning global network of offices and capabilities. In addition, it will also be a local port of call for professional intermediaries either in, or passing through, the area.

Lowry Brescia’s role as Client Relationship Manager is effective immediately. She will report to Johan van Niekerk, Head of Family Office (US). Lowry joins Stonehage Fleming from Lionheart Capital where she was Vice President of Operations. Prior to this, she spent over a decade at The Cantor Group (formerly Cantor & Webb P.A.), latterly as Director of Client Services & Public Relations. Lowry will work closely with Family Office colleagues across the Group and will focus on developing and managing client relationships, particularly in the Latin American market.

Johan van Niekerk, Head of Family Office (US), said: “We are committed to expanding our capabilities and presence across the United States. We are therefore very pleased to announce the opening of our new representative office in Florida. Miami is the undisputed gateway to reach Latin American clients and we are excited to be able to offer a local presence that meets the needs of clients in this important segment of the market.”

“Lowry’s broad industry experience and contacts gained by working with ultra / high net worth individuals predominantly from Latin America, North America and the Caribbean is hugely valuable as we seek to develop our presence in Florida. Having been based in Florida for two decades and a fluent Spanish speaker, Lowry is firmly embedded in the community and has a clear understanding of the wealth management landscape. I am excited to welcome her on board and look forward to working closely with her in the coming months.”

Lowry Brescia added: “I am thrilled to be supporting Stonehage Fleming’s entry into Florida, and gateway to Latin America with the opening of its representative office in Miami. While ultra /high net worth families may have complex international needs that require our broad global service offering that does not stop them from wanting to have a contact that can provide valuable assistance in their local market.”

The opening of the representative office in Miami, Florida, means that Stonehage Fleming now has a presence in 14 geographies around the world, including an office in Philadelphia, and a representative office in Toronto, Canada.

ENDS

FOR FURTHER INFORMATION, PLEASE CONTACT

Montfort Communications

Pippa Bailey / Isabel Garnon

E: stonehagefleming@montfort.london

T: +44 7738 912267 / +7772 207 207

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 GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com

Stonehage Fleming announces new appointments in Jersey

Stonehage Fleming, one of the world’s leading international Family Offices, announces the appointment of Richard Stride as Head of Family Office Jersey, and Bruce Sinclair as Trustee Director in the Jersey Family Office Division.

Richard acts as a Trusted Adviser to wealthy international families and for the past 14 years has assisted with their day-to-day challenges regarding succession, governance and complex wealth requirements. He joined the Stonehage Fleming Group in 2007 and was Head of the Family Office Division in Johannesburg before moving to the Jersey office in 2017.

He succeeds Ana Ventura who will now serve as a Trustee and Key Adviser to a number of Stonehage Fleming’s high net worth international families.

Bruce has 12 years’ legal experience and joins from Standard Bank, where he served as Head of Legal for the Trust and Fiduciary Services Offshore Division, joining in 2017. Bruce led the Fiduciary Legal unit to provide fiduciary and risk related legal advice and support to its front office in relation to the administration of trusts and company structures. Bruce has held various roles including working as a lawyer at Carey Olsen, qualifying from Dickson Minto W.S.

Bruce will work closely with clients, advisors, co-trustees and other divisions and business units within the Stonehage Fleming Group and acts on Stonehage Fleming’s Board of the Jersey and British Virgin Islands Corporate Directors and Trustees. He is based in Jersey and reports to Richard Stride, Head of Family Office Jersey. His appointment is effective immediately.

Commenting on the appointments, Ian Crosby, Chairman of Stonehage Fleming Jersey, said: “It is a pleasure to welcome Bruce to Stonehage Fleming. His extensive technical and commercial experience will be invaluable to our existing talented and dedicated team. His appointment reflects the importance of our continued role as trusted advisers to leading families of the future and wealth creators.”

“We look forward to Richard’s continued work in his new role as Head of Family Office Jersey, and thank Ana for her years of dedication and commitment. Both are extremely valued members of Stonehage Fleming’s Jersey office.”

Bruce Sinclair said: “I am delighted to join Stonehage Fleming and its highly qualified team. I look forward to enhancing our offering and helping individuals and families structure their finances to realise their vision of how their wealth should be managed and passed smoothly down to future generations.”

ENDS

FOR FURTHER INFORMATION, PLEASE CONTACT

Montfort Communications

Pippa Bailey / Isabel Garnon

E: stonehagefleming@montfort.london

T: +44 7738 912267 / +7772 207 207

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 GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com

Stonehage Fleming signs lease on St James’s Square office

Stonehage Fleming, one of the world’s leading independent international multi-Family Offices, has signed a lease for their new London office at 6 St James’s Square, taking over 3 floors which will be refurbished and upgraded to allow for modern working practices. This move allows the company to consolidate its operations onto fewer floors but over a larger overall space in a manner which enhances collaboration across the many different services that the company offers to its clients. Stonehage Fleming will complete the move from their current offices in Suffolk Street, by late Summer or early Autumn 2022.

Chris Merry, Group CEO of Stonehage Fleming said:

“We are excited to move to such a prestigious London location and continue serving our UK and international clients from a larger and more modernized space. This move marks a new chapter for Stonehage Fleming, having been in Suffolk Street since 2007, and it will embrace the next period of growth.”

6 St James’s Square is owned by Pontegadea, a Spanish firm, and currently entirely let to Rio Tinto. Stonehage Fleming are sub-leasing three floors in the building from Rio Tinto until 2029. Savills acted on the transaction on behalf of Stonehage Fleming.

ENDS

MEDIA CONTACTS

Montfort Communications
stonehagefleming@montfort.london

Pippa Bailey | +44 7738 912267

Izzy Garnon | +44 7772207207

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 GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .

Statistics as at 1 February 2022

Stonehage Fleming bolsters Wealth Planning team with senior hire

Stonehage Fleming, one of the world’s leading international Family Offices, announces the expansion of its Wealth Planning team with the appointment of Nick Toubkin as Director.

Nick will work closely with the existing team and assist in developing and delivering the Wealth Planning offering to the UK and international markets. He will be based in the firm’s London office and will report to Susie Hillier, Partner and Head of Wealth Planning. His appointment is effective immediately.

Nick has over 15 years’ experience in private wealth management. He joins Stonehage Fleming from Strabens Hall Ltd, where he was Senior Client Director, member of the Investment Committee and Senior Management team. He was responsible for advising ultra-high-net-worth (UHNW) and high-net-worth (HNW) international clients on investment consulting, financial planning and wealth structuring services. Prior to that, Nick was a Financial Planner and Wealth Manager at Tilney and in 2006 he began his career at Coutts, appointed to Director and Wealth Manager in 2012. Nick holds a Master of Business Administration (MBA) from IMD Business School, Switzerland.

Stonehage Fleming Wealth Planning sits within the wider Stonehage Fleming Group and provides integrated financial planning and investment advice in the UK across investments, pensions and protection.

Commenting on the appointment Susie Hillier, Head of Wealth Planning, said: “We are very pleased to welcome Nick to the Wealth Planning team. Close relationships and a deep understanding of our clients is at the heart of Stonehage Fleming’s offering. Nick’s wealth of expertise advising international UHNW and HNW individuals with complex needs makes him well suited to contribute significantly to our rapidly expanding, talented team.”

Nick Toubkin said:

“I am thrilled to join Stonehage Fleming. The firm’s depth of knowledge and experience across a range of advisory areas is unparalleled, which combined with its established pedigree and international footprint will continue to make Stonehage Fleming a firm of choice for discerning HNW and UHNW clients. It is an exciting time for me to join the company, and I’m very pleased to have the chance to contribute to the future growth of the firm.

“The needs of our clients are constantly evolving and we as advisers must be able to offer broader servicers and have a deeper understanding of the issues they may face. Stonehage Fleming’s practical wisdom that comes from years of working with similar clients means that they are uniquely positioned to service both the most complex of needs, as well as those which are straightforward. It is an exciting time for the company and it gives me great pleasure to be a part of the journey.”

ENDS

FOR FURTHER INFORMATION, PLEASE CONTACT

Montfort Communications
Pippa Bailey

stonehagefleming@montfort.london

+44 7738 912267

NOTES TO EDITORS

ABOUT STONEHAGE FLEMING

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 GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .

Statistics as at 1 February 2022

Stonehage Fleming partners with Thrive Jersey to support “GROW” initiative

Stonehage Fleming is pleased to announce its partnership with Thrive Jersey to support GROW, a community-led initiative aimed at addressing multiple social issues that drive low mood and disengagement within the Jersey community.

GROW is an inclusive outdoor community project that plants, nurtures and harvests the widest array of fresh produce to be distributed to those on the island who do not have ready access to nutritional food. It provides innovative wellbeing, education and employment opportunities within an outdoor environment, whilst championing issues such as climate change, sustainable transport and community nutritional deficit. Thrive Jersey’s ethos is based on a collaborative approach to resolving community issues and in time aims to be mapped through initiatives including the United Nations Sustainable Development Goals (UN SDGs), and GROW aligns to no fewer than eleven of the seventeen goals.

According to the Jersey Statistics Unit approximately 26% of all households and 23% of individuals were in relative low income, including over half of single parent families, one in three working-age adults, one in three children and one in three pensioners¹. This has a direct impact on the affordability of fresh fruit and vegetables which in turn leads to poor physical health, obesity and low self-esteem.

Guy Gilson, Partner at Stonehage Fleming said: “We are delighted to support Thrive Jersey’s GROW initiative and its mission to demonstrate how community, parishes and government can join together to implement inspiring and inclusive solutions to social issues. It is a pleasure to support such a worthy cause, and one which resonates so well with Stonehage Fleming’s social capital. We commend Andy on his vision for the welfare of those on the island.”

Andy Le Seelleur, Co-Founder of Thrive Jersey: “Jersey is facing an unprecedented crossroads in social development as a result of a number of internal and external threats including climate change, population growth, physical and mental health, Covid-19, reductions in agricultural green space and nutritional deficits within the lower socio-economic demographic. For many whose mood is low, the priority is more on surviving than thriving. GROW is an innovative project aimed at tackling Jersey’s social issues and we thank Stonehage Fleming for all their support to help influence positive change.”

1 - Jersey Statistics Unit - https://www.gov.je/Government/JerseyInFigures/EmploymentEarnings/Pages/EarningsIncomeStatistics.aspx

ENDS

FOR FURTHER INFORMATION, PLEASE CONTACT

MEDIA CONTACTS

Montfort Communications

Pippa Bailey

+44 (0)20 3770 7913

stonehagefleming@montfort.london

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 GBP60bn (USD55bn) of assets and includes an investment business with more than GBP16bn (USD21bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 16 locations around the world. Find out more at: www.stonehagefleming.com .

Statistics as at end of December 2021

Thrive Jersey

Thrive Jersey was formed in 2019 and became an Incorporated Association in 2021. It is a fully-inclusive collective of inspiring individuals passionate about identifying the key social issues that drive low mood and disengagement within the island, raising awareness of these issues and seeking innovative, inspirational solutions. Having adopted the United Nations Sustainable Development Goals as its overarching strategy, Thrive is able to harness the powers of a common global community passionate about positive change in a smart, innovative way. Thrive Jersey focuses on addressing the root cause of social issues rather than simply fighting the fires and achieves this by:

• Identifying which social issues are having the largest impact on community mood and wellbeing

• Linking with other similar community innovators around the world to identify potential solutions which have a proven track record of success

• Harnessing inspirational, creative islanders to join together in collaborative initiatives, reducing silo thinking and operating and maximizing effectiveness.

Thrive has become a widely-recognised brand in Jersey and has played a fundamental role in the creation of the Jersey Suicide Prevention Alliance. Other pipeline initiatives include the creation of a community data portal and a centre for practical community skills development. Thrive’s founders have been responsible for successful community initiatives including Le Tournoi Charity Sports, Wetwheels Jersey and the Jersey Literary Festival. The GROW team includes the Founder of Plastic Free Jersey and The Good Jersey Life.

Stonehage Fleming announces completion of acquisition of private client services business of Maitland

Stonehage Fleming (“Stonehage Fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces the completion of its acquisition of the Private Client Services business of Maitland, a privately owned global advisory, administration and family office firm. The transaction was announced on 21 July 2021.

Maitland’s Private Client Services business is now part of Stonehage Fleming, bringing legal, fiduciary, corporate and investment management services in 9 locations internationally. The transaction adds £1bn of AUM and £15bn of AUA, taking Stonehage Fleming’s AUM to over £16bn and AUA to over £60bn.

Chris Merry, Stonehage Fleming Group CEO commented: “We are excited to welcome the Maitland Private Client Services team and their clients to Stonehage Fleming. Making selected acquisitions to enhance our proposition alongside organic growth is part of our strategic plan; we will continue to look for more opportunities to complement our existing business and bring our differentiated and comprehensive offering to new clients.”

ENDS

MEDIA CONTACTS

UK / Europe - Montfort Communications

Gay Collins/ Pippa Bailey

stonehagefleming@montfort.london

+44 7798 626282 / +44 7738 912267

South Africa - CDcom

Claire Densham / Lucie Osman

claire@cdcom.co.za / lucie@cdcom.co.za

+27 21 552 9935 / +27 21 813 6546

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 GBP60bn (USD75bn) of assets and includes an investment business with more than GBP16bn (USD20bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 900 people in 14 locations around the world. Find out more at: www.stonehagefleming.com .

Statistics as at 1 February 2022

Stonehage Fleming expands the US family office team

Stonehage Fleming (“Stonehage Fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces the appointment of Joshua Runyan to further expand its Family Office team in the US.

Joshua is an experienced practicing attorney, focused on the U.S. and international tax planning. At Stonehage Fleming he will assist individuals and families regarding United States tax planning, closely held business succession planning, intergenerational wealth transfers, planned charitable giving, and tax controversy representation.

Prior to joining the Group, he practiced law at Montgomery, McCracken, Walker & Rhoads LLP and served as a member of the firm’s Benefits Committee. Before this, Josh was an accomplished journalist, working as senior editorial director of a regional publishing firm and editor-in-chief of several publications.

The appointment was effective from 13 September 2021. Joshua will be based in the Philadelphia office and report to Peter Rosenberg, Head of North America.

Peter Rosenberg, Partner & Head of North America, Stonehage Fleming said:

“Joshua will bring new experience and exciting networking opportunities to our US team, as we continue to grow our reach and opportunities provided to US residents who are seeking tailored and unique wealth management solutions. The growth of the team reflects our commitment to giving on the ground relationship management advice to our clients, both current and future, and strengthens our opportunities based across the US and Canada.”

ENDS

MEDIA CONTACTS

UK / Europe

Montfort Communications
Gay Collins/ Pippa Bailey

stonehagefleming@montfort.london

+44 203 770 7913 / +44 7798 626282

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 GBP45bn (USD55bn) of assets and includes an investment business with more than GBP15.2bn (USD21bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 600 people in 11 offices in eight geographies around the world. Find out more at: www.stonehagefleming.com

Statistics as at end of July 2021

Stonehage Fleming bolsters North American team with appointment of Partner as Head of Family Office

Stonehage Fleming (“stonehage fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces the appointment of Johan van Niekerk to the newly created position of Head of Family Office (US).

Johan joined Stonehage Fleming in 2007 and, prior to his new appointment, served as Partner and Head of Family Office (Neuchatel, Switzerland). Johan’s main focus will be to further develop Stonehage Fleming’s Family Office offering in North America so that it reflects the comprehensive service available in the eight other jurisdictions where Stonehage Fleming operates.

The appointment is effective from 1 September 2021. Johan will be based in the Philadelphia office and report to Peter Rosenberg, Head of North America.

Chris Merry, Group Chief Executive Officer, Stonehage Fleming said: “We are pleased to announce Johan’s appointment as Head of Family Office (US). Johan is an important addition to our US team to support our growth ambitions in North America. We are committed to providing on the ground relationship management to current and future clients in the US and Canada and to providing holistic cross border advice to international families with interests in North America, which is a key strategic location for our business.”

Peter Rosenberg, Partner & Head of North America, Stonehage Fleming added: “I am excited to welcome Johan to the US team as we seek to broaden our reach to US residents looking for access to tailored wealth management solutions for their cross-border needs and objectives.”

“In today’s complex world, many 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 the practical wisdom we offer, will be welcomed and align well with the long-term interests of US resident clients.”

ENDS

MEDIA CONTACTS

UK / Europe

Montfort Communications
Gay Collins/ Pippa Bailey

stonehagefleming@montfort.london

+44 203 770 7913 / +44 7798 626282

Stonehage Fleming sign up to Women in Finance Charter

In 2021, we signed up to HM Treasury’s Women in Finance Charter. We are committed to the principles of the Charter to see gender balance at all levels across financial services firms.

Experience has shown us that we can best serve the interest not only of our existing clients, but also of the next generation and future clients, by drawing on the insights, talents and judgements of a diverse workforce.

Our DE&I Mission Statement (updated in December 2023):

1. Our people are our greatest asset. To ensure we look after our greatest asset, we want Stonehage Fleming to be a great place to work for everyone. We commit to creating and sustaining a work environment which is fair, equal, as well as inclusive. This can only be achieved if diversity is embedded within our culture from top to bottom, influencing what we do, with leaders who are accountable.
2. We strive for a culture of excellence and teamwork. For our people to excel and work together, everyone must feel that they are operating in an inclusive environment that welcomes and supports differences that encourages input from all perspectives. To achieve it, we will recruit, nurture and retain the best people, drawn from the broadest pool of individuals with a mix of backgrounds and experiences (nationality, origin, race, colour, religion, socioeconomic background, age, ability, sexual orientation and gender identity). Our people have the right to expect a workplace in which they are welcomed and valued by their team and by the Group.
3. Clients are at the heart of our business. To continue providing creative ideas and solutions in a complex and global economy, we must be fully capable of dealing with diversity in an informed, sensitive and nuanced manner. Experience has shown us that we best serve the interest not only of our existing clients, but also of the next generation and future clients, by drawing on the insights, talents, and judgements of a diverse workforce.

Our Commitment to the Women in Finance Charter (updated in 2024):

1. Our Group Executive Committee endorsed the signature of the Charter in 2021. Giuseppe Ciucci, Group Executive Chairman, is the lead sponsor of our Diversity, Equity and Inclusion Committee, which is chaired by Eva Sheppard, a senior Partner of the Group.
2. Our internal targets for gender diversity have been constantly progressive. We achieved our targets to have 25% women in senior management positions by March 2023 and then 27.5% in 2024. Our new target is 30% by July 2026.
3. Our commitment to improve diversity will include the evaluation of the senior leadership team against this objective.
4. We commit to publishing our progress annually against these targets on our website.

Read more.

Stonehage Fleming’s flagship fund passes the $2bn mark

Assets under management (“AUM”) for the Stonehage Fleming Global Best Ideas Equity Fund have passed the USD2bn mark.

Since launching in August 2013, the fund has attracted assets from private, professional and institutional investors. It has returned 118.8% (17.0% p.a.)* over the last five years, compared to the MSCI World’s 97.8% (14.6% p.a.)** (US $ terms)***.

* Source: Stonehage Fleming Investment Management Ltd (SFIM), for period 1 July 2016 to 30 June 2021 (Stonehage Fleming Global Best Ideas Equity Fund (D Share Class) Factsheet).

** Source: MSCI World All Country $ TR, for period 1 July 2016 to 30 June 2021. Source: Bloomberg, MSCI.

*** Past performance is not a guide of future returns. If the information is not displayed in your base currency, then the return may increase or decrease due to currency fluctuations.

Fund Manager Gerrit Smit manages a concentrated, high conviction portfolio of 28 businesses that are chosen for their sustainable growth potential, strong management team, strategic competitive edge and value. The portfolio has very low turnover: over the past 12 months Gerrit has only sold two positions, with the fund turnover well below 10%. Current investments include some of the world’s best known companies such as Amazon, PayPal, Microsoft, Nike, Adobe and Estée Lauder.

Commenting on the current market environment, Gerrit Smit said: “The global fundamental economic recovery for 2021 is well underway, coming off the low base of 2020. We believe we are now into a new positive global economic cycle, well supported by the successful vaccine roll out programmes.”

“Some investors are challenged with perceptions of high valuations. They often underestimate the value of sustainable growth and get overwhelmed by current valuation multiples. The best opportunities lie in strategic investing with an eye on the horizon for long-term compounded growth, combined with an improving short-term outlook.”

Andrew Clarke, Group Head of Business Development said: “In under two years, our Global Best Ideas Equity Fund has doubled in size to exceed 2bn USD. The investment philosophy that underpins the Fund’s strategy, (i.e. that a good business remains a good business irrespective of short-term share price volatility), clearly resonates with investors.

We are excited by the Fund’s growth potential and look forward to raise the Fund’s profile further amongst wholesale investors this year.”

On the continuing impact of Covid-19, Gerrit Smit adds: “PayPal and Amazon (and many others’) futures are in the process of arriving two or more years early, without all the usual necessary investment required to attract all those new clients. Their future profitability therefore also arrives earlier, and their share prices have to reflect that. We believe their future growth trajectory has been enhanced by COVID-19.”

“Whilst the high street is structurally damaged, those businesses that have developed their online capabilities well are in the process of taking permanent market share. They should also enjoy better margins, with direct sales replacing those through wholesalers and retailers.”

Disclaimer:

We do not intend for this information to constitute advice or investment research and it should not be relied on as such to enter into a transaction or for any investment decision. Past performance is not a reliable indicator of future results and investments may go down as well as up. All investments risk the loss of capital. Whilst every effort is made to ensure that the information provided is accurate and up to date, some of the information may be rendered inaccurate in the future due to any changes. Where an investment is denominated in a currency other than the currency where the investor is resident, investment returns may increase or decrease as a result of currency fluctuations. The distribution or possession of this article in certain jurisdictions may be restricted by law or other regulatory requirements. Persons into whose possession this document comes should inform themselves about and observe any applicable legal and regulatory requirements.

It has been approved for issue by Stonehage Fleming Investment Management Limited, a company authorised and regulated in the UK by the Financial Conduct Authority and in South Africa by the Financial Sector Conduct Authority (FSP 46194).

Affiliates of Stonehage Fleming Investment Management Limited are authorised and regulated in Jersey by the Jersey Financial Services Commission for financial services business. This document has been approved for use in Jersey.

© Copyright Stonehage Fleming 2021. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission.

FOR FURTHER INFORMATION, PLEASE CONTACT

Montfort Communications

Toto Reissland/ Pippa Bailey

T: +44 (0)20 3770 7907 / +44 (0)203 770 7913

Stonehage Fleming acquires private client services business of Maitland

Stonehage Fleming (“Stonehage Fleming” or “the Group”), the leading independently owned international Multi Family Office, today announces that it has agreed to acquire the Private Client Services business of Maitland, a privately owned global advisory, administration and family office firm.

On completion of the transaction, which is subject to regulatory approval in a number of jurisdictions, the business will transfer to Stonehage Fleming, bringing legal, fiduciary, corporate and investment management services capability in 9 locations worldwide. The transaction will add £1 bn of AUM and £15 bn of AUA, taking Stonehage Fleming’s AUM to over £16 bn and AUA to over £60 bn.

Maitland’s Private Client Services business will bring further scale to Stonehage Fleming, strengthen key service areas and broaden the range of jurisdictions offered to clients. It will be combined with and operate under the Stonehage Fleming brand.

Three members of Maitland Group’s management team will join Stonehage Fleming, including Herman Troskie, currently Deputy CEO of Maitland, who will head a new Corporate, Legal and Tax Advisory Services Division at Stonehage Fleming and join the Group’s Executive Committee.

Chris Merry, Stonehage Fleming Group CEO commented: “This is an exciting time for Stonehage Fleming; we have the scale, the range of services and practical wisdom developed over many years to be the partner of choice for successful families and wealth creators. We have known and admired Maitland’s Private Client Services business for many years and are looking forward to welcoming their management, people and clients to Stonehage Fleming.

“For Stonehage Fleming, making selected acquisitions to enhance our proposition and increase our scale as a complement to organic growth is part of our strategic plan. We will continue to look for more opportunities to complement our existing business and bring our differentiated and comprehensive offering to new clients.”

Steve Georgala, CEO of Maitland commented “This transaction is a key step in the refinement of Maitland’s services offering which is now dedicated to Fund Services and Management Company Services. Such a transaction has been under consideration for some time and Stonehage Fleming has always been our preferred partner. We are confident that this acquisition will provide an excellent home for both our clients and our people who will thrive within a highly regarded global firm focused on the needs of Private Clients.”

Stonehage Fleming was advised on the transaction by Stonehage Fleming Corporate Finance.

FOR FURTHER INFORMATION, PLEASE CONTACT

Stonehage Fleming UK agency: Montfort Communications

Gay Collins/ Pippa Bailey - stonehagefleming@montfort.london

T +44 203 770 7913 M +44 7798 626282

Stonehage Fleming SA agency: CDcom

Claire Densham - claire@cdcom.co.za

T +27 21 552 9935

M +27 82 906 3201

Lucie Osman - lucie@cdcom.co.za

T +27 21 813 6546

M +27 76 763 8259

Maitland UK agency: Aspectus PR

Ellie Smith - maitland@aspectusgroup.com

T +44 20 7242 8867

Maitland SA media contact: Lucy Reyburn

Lucy Reyburn - lucy@lucyreyburn.com

T +27 82 922 7483

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 GBP45bn (USD55bn) of assets and includes an investment business with more than GBP14.4bn (USD19.9bn) under management for families and charities. Stonehage Fleming is c.50% owned by management and staff. The Group employs over 600 people in 11 offices in eight geographies around the world. Find out more at: www.stonehagefleming.com

Maitland is a global advisory and administration firm providing seamless multi-jurisdictional legal, tax, fiduciary, investment and fund administration services to private, corporate and institutional clients.

The Group specialise in complex, cross-border solutions, with 780 employees operating from 11 offices across 8 jurisdictions. They are privately owned and fully independent, administering funds for multiple investment managers and sponsors.

Maitland’s reputation in services to corporate clients extends back over 40 years to 1976 when the firm was founded in Luxembourg to provide innovative solutions to complex cross border challenges faced by major corporations. Over the years their legal experts have advised on some of the world’s leading corporate activity, involving both listed and unlisted companies.

Statistics as at end of March 2021