Fleming Family Office to Merge With Competitor Stonehage

Fleming Family & Partners is to merge with competitor Stonehage to form the largest independent multi-family office wealth manager in Europe, the Middle East and Africa.

The two London-based firms will oversee more than $43 billion of assets, they said in a joint statement today. The combined group, named Stonehage Fleming Family and Partners, will be majority owned by management and employees, they said.