6 February, 2024 – Switzerland - Stonehage Fleming (“Stonehage Fleming” or “the Group”), one of the world’s leading international multi-family offices, announces that Stonehage Fleming Investment Management (Suisse) AG (“SFIMCH”) has received the new operating licence required by the Swiss Financial Market Supervisory Authority (FINMA).
In 2020, new financial regulations were introduced by FINMA for asset management companies and trustees requiring all to obtain a new licence in order to operate. The licence was granted to SFIMCH on December 21 2023, following a rigorous application process.
Andreas Knecht, Partner and CEO, Investments Switzerland – Stonehage Fleming, commented: “Receiving this operating licence from FINMA is a ‘seal of quality’ for the future. We welcome the new regulation to improve comparability and equivalence with other financial markets. Switzerland, as a centre for wealth management, will become increasingly more attractive and as a result will profit from an enhanced reputation in the global financial arena.”
Stonehage Fleming Investment Management is adviser to many of the world's leading families and wealth creators and has teams based in London, Zurich, Liechtenstein, Cape Town, Johannesburg and Jersey.