Slaughter and May is advising RF Trustee Co. Limited (the independent family office of the Fleming family, together with other families) and Standard Chartered Bank, each as shareholders of Fleming Family & Partners Limited (FF&P), on the proposed merger between FF&P and Stonehage. The merger will create the largest independent multi-family office in the EMEA region. The combined business will serve a client base of over 250 families of wealth and will manage, advise and/or administer over $43 billion (c.£27 billion) of assets. It will have combined revenues of approximately $160 million (c.£100 million) and employ over 500 staff in 14 offices across 7 countries.

The transaction has been approved by the boards of FF&P and Stonehage but is subject to certain conditions including shareholder and regulatory approval.

CONTACTS

Nilufer von Bismarck (partner), Lauren Fahy (associate)