The new group CEO has deep expertise in growing international businesses, building and managing diverse teams and bringing resources together across multiple geographies.

Stonehage Fleming, the multi-family offices, has appointed Stuart Parkinson as group CEO, with immediate effect, based in the firm’s London office.

He takes over from Giuseppe Ciucci, executive chairman, who led the business as interim CEO after Chris Merry left in September 2023.

With more than 30 years of international experience in banking and financial services, Parkinson brings “impressive credentials to his new responsibilities” at Stonehage Fleming, the firm said in a statement.

Parkinson was previously group chief executive officer at Lombard International, the insurer, where he oversaw a significant period of growth and the subsequent sale of the business. Prior to Lombard, Parkinson was with HSBC Group for 27 years where his leadership roles included chief investment officer at HSBC Private Banking & Wealth Management.

“Stuart is a highly experienced global financial services leader and we are proud to welcome him as CEO of Stonehage Fleming. His track record, including deep expertise in growing international businesses, building and managing diverse teams and bringing resources together across multiple geographies, clearly demonstrates that he possesses the skills and ideas to help our business continue to thrive,” Ciucci said. “We have worked hard to develop a highly differentiated position serving the needs of successful families and wealth creators; Stuart’s fresh ideas and perspective, alongside an excellent understanding of this client group, will complement the proven capabilities of our current team.”