Stonehage Fleming buys £15bn AUA client arm of family office firm

Stonehage Fleming the independently owned international multi family office, today (21 July) announced that it has agreed to acquire the private client services business of Maitland, a privately owned global advisory, administration and family office firm. On completion of the transaction, which is subject to regulatory approval in a number of jurisdictions, the business will transfer to Stonehage Fleming, bringing legal, fiduciary, corporate and investment management services capability in nine locations worldwide. The transaction will add £1bn of AUM and £15bn of AUA, taking Stoneha...