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.