Stonehage Fleming

Fleming traces its origins back to 1873 when Dundee-born financier Robert Fleming founded merchant bank Robert Fleming & Co.[4] Robert Fleming had amassed a large personal fortune investing in the American railroads.

Stonehage was set up in 1976, originally to assist South African families that were migrating from South Africa during the country's apartheid regime. It operates as adviser, fiduciary and investment manager.[5]

Fleming Family & Partners (FF&P) was established in 2000 by the Fleming family after the sale of Robert Fleming & Co to Chase Manhattan, which merged with JPMorgan.

Stonehage and FF&P merged to create a global multi-family office in 2014.[6]

On 21 December 2018, Caledonia Investments plc announced that it had agreed to acquire a minority stake in Stonehage Fleming & Family partners Limited.[7]

In April 2020 Stonehage Fleming acquired the investment activities of Cavendish Asset Management and took over the running of its range of four OEIC funds.[8]

In January 2022 Stonehage Fleming completed the acquisition of the private client services business of Maitland[9]

In 2023, Stonehage Fleming acquired the South-Africa based Investment Management Firm Rootstock. [10]

The main services are:

• Art Management
• Corporate and Family Business Advisory
• Corporate Services
• Dealing & Treasury
• Family Office
• Governance and Succession
• Insurance Services
• Investment Management
• Legal & Tax Advisory
• Philanthropy
• Private Capital Investments
• Property Advisory
• Reporting and Analysis
• Reputation Management
• Trust & Fiduciary
• Wealth Planning

Chris Merry was appointed Group Chief Executive Officer for Stonehage Fleming in 2019 after taking over from Giuseppe Cuicci who had led the business since 1997. He chairs the Group Executive Committee[11]

Giuseppe is Managing Partner and Deputy Chairman of the Stonehage Fleming Group Board. He joined the group in 1991 as a Client Manager and was appointed Partner in 1995 before becoming Chief Executive two years later.[12]

In 2014 Giuseppe negotiated the merger with Fleming Family & Partners to create Stonehage Fleming. In 2019 he also agreed a substantial minority investment by Caledonia Plc in the group after which he relinquished the role of CEO and became managing partner alongside Ari Tatos.

Ari is joint Managing Partner of Stonehage Fleming and joined the group in 1986 after qualifying as a Chartered Accountant with Arthur Andersen.

Mark McMullen is a Partner and the Group Deputy Chief Executive Officer, and a member of the Group Executive Committee. He serves as a key adviser to a number of high-net-worth international families. Mark joined the Stonehage Fleming Group in 2001 in Neuchatel, Switzerland. In 2009 he relocated to Geneva to establish and head up the Geneva office. From Geneva, Mark also oversees Stonehage Fleming's Family Office businesses globally.

Adrian Gardner is the Group Chief Operating Officer and is a member of the Group Executive Committee. He joined the group in 2019.

Ian Crosby is Head of Group Legal and Risk, Chairman of Stonehage Fleming Jersey and a member of the Group Executive Committee. He acts as a key trustee ona number of family trust groups and as Chairman of several investment funds. He became a Partner of the group in 1995.

Bob Reid is a Partner and Head of Group Enablement and is a member of the Group Executive Committee. He also serves as the relationship manager for a number of high-net-worth international families. Bob joined the group in 2010.

Graham Wainer is CEO and Head of Investments at Stonehage Fleming Investment Management in the UK and a member of the Group Executive Committee.

Johan van Zyl is the Chairman of Stonehage Fleming South Africa and a member of the Group Executive Committee. He joined the group in 2010 to start the Investment Management Division in South Africa and was appointed as CEO of Stonehage Fleming South Africa in 2013.

Carol Mote was appointed in 2022 as Global Head of Human Resources and a member of the Group Executive Committee.[13]

Stonehage Fleming recruited former Deloitte global chairman John Connolly to chair its board in October 2019. He replaced Charles Erasmus, who stepped down after 20 years in the role.[14]

Tim Lewis joined as a member of the board in 2021. He joined Caledonia Investments in 2011 and works within the Private Capital team. Tim also sits on the board of Cooke Optics.[15]

Robert Kirkby joined as member of the board on 1 October 2020. He chairs the Group's Risk, Audit and Compliance Committee.

Gian Rossi joined as member of the board in May 2020.

Dena Brumption joined as a member of the board in 2022.

Stonehage Fleming founded its UK advisory board with Lord (Robin) Renwick as its chairman in November 2020, alongside Natalie Campbell and Anthony Wreford who also joined the board.

Lord Renwick was a senior diplomat who served as British ambassador to the US and South Africa. He was a crossbench peer in the House of Lords until 2018, and sat on many boards, including Richemont AG, SAB Miller plc, British Airways plc. He is a former member of the Stonehage Fleming Group Board.

Natalie Campbell is a social entrepreneur who founded A Very Good Company in 2011. She is currently CEO of Belu Water and a board member for the London Economic Action Partnership and the Old Oak and Park Royal Development Corporation (OPDC).[16]

Anthony Wreford, formerly Deputy Chairman of Omnicom Europe and president of the MCC. He holds a variety of non-executive appointments, including FPE Capital and Portas Consulting.[17]

• Official website