Late last year Stonehage Fleming unveiled its strategic alliance with Glenmede Trust Company, NA, a private wealth and institutional trust investment management firm in the US. 

Stonehage Fleming, the family office operating in a number of regions, has a new group chief executive, Chris Merry. He takes the helm from Giuseppe Ciucci, group CEO since 1997. Merry is based in London.

Merry has been CEO of Ipes, an European provider of fund administration and outsourcing services. 

Ciucci will remain in a full-time executive capacity as managing partner, concentrating first and foremost on serving existing clients as well as building new client relationships. He will also become deputy chairman of the board, where he will continue to contribute to the strategic direction of the firm.

Merry has served as CEO of RSM Tenon, the UK accounting firm later acquired by Baker Tilly, and at Matrix Group, a privately held boutique financial services firm. He was the finance director for Clifford Chance, a leading global law firm, prior to which he was a Partner at PwC, with experience in London, New York and Shanghai.

In July Caledonia Investments, which is based in the UK, bought a minority stake in multi-family office Stonehage Fleming, following its initial announcement last December that it had agreed to do so. The investment is structured by way of a tender offer made to all of Stonehage Fleming's shareholders, which results in Caledonia buying 36.7 per cent of the fully diluted capital. 

Stonehage Fleming, which operates in a number of jurisdictions, advises on more than $55 billion of assets.

Late last year Stonehage Fleming unveiled its strategic alliance with Glenmede Trust Company, NA, a private wealth and institutional trust investment management firm in the US.