M and A
Deals Of The Day: Stonehage Fleming, Maitland
The latest wealth management merger and acquisition transactions in the UK and across Europe.
Stonehage Fleming
Stonehage
Fleming, the multi-family office, has completed its
acquisition of the private client services business of Maitland,
a privately owned global advisory, administration and family
office firm.
The transaction
was announced on 21 July last year.
The transaction brings legal, fiduciary, corporate and investment
management services in nine locations internationally. It also
adds £1 billion of assets under management and £15 billion of
assets under administration, taking Stonehage Fleming’s AuM to
more than £16 billion and AuA to more than £60 billion.
“Making selected acquisitions to enhance our proposition
alongside organic growth is part of our strategic plan; we will
continue to look for more opportunities to complement our
existing business and bring our differentiated and comprehensive
offering to new clients,” Chris Merry, Stonehage Fleming Group
chief executive, said.
This news service
interviewed Stonehage Fleming on its views about risk
management in late November 2020.