Stonehage Fleming hires ex-JP Morgan Private Bank exec as Geneva partner

Stonehage Fleming, said to be the largest multi-family office in the EMEA region, has named Andrea Tardy, a former managing director of JP Morgan Private Bank, to the role of partner in its Geneva office. 

Tardy, pictured, originally joined JP Morgan’s equity derivatives operations in 1997, moving into its private banking area in 2000, as head of its EMEA Wealth Advisory business, according to a statement issued by Stonehage Fleming today. He then left JP Morgan to join Union Bancaire Privée in London, before moving to head up the Geneva branch of Goldman Sachs Bank AG, where he led the development of that company’s ultra-high-net-worth and family office business, before re-joining JP Morgan in 2009. Here, his last position took him to Miami for a year, where he helped to develop its local business.

Stonehage Fleming Family Office chief executive Mark McMullen said Tardy’s extensive experience in wealth management over the past 25 years was “well suited to Stonehage Fleming’s distinctive integrated family office approach”.

“Switzerland is an important market for Stonehage Fleming, and we are confident that Andrea’s arrival will enable us to expand our presence there,” McMullen added.

“In this newly created role Andrea will work closely with our colleagues in Geneva, Zurich and Neuchatel as well as our international offices.”

Stonehage Fleming was created in 2015 by the merger of two well-established family office entities, Stonehage and Fleming Family & Partners. Stonehage had been set up in 1976 as a “diaspora vehicle” by a group of South African families who were looking to leave their homeland’s apartheid regime behind, while Fleming was founded in 2000, and had offices in places like Moscow and Hong Kong as well as London, where it was based, and Zurich.

The Stonehage Fleming Family merger was described by the Financial Times in 2014, when it was first announced, as “a share exchange deal, where South African industrialism meets old British money”.

Stonehage Fleming currently advises on more than US$40bn of assets, on behalf of more than 250 families, out of 11 offices in seven jurisdictions, according to its website. Its investment business looks after more than US$12bn for families and charities.

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