Wealth Management

US wealth firm Corient buys Stonehage Fleming and Stanhope Capital

Tie-up creates a $430bn ultra high net worth wealth manager

Ex-UBS banker Daniel Pinto’s Stanhope Capital has become the sector’s latest takeover target
Ex-UBS banker Daniel Pinto’s Stanhope Capital has become the sector’s latest takeover target Photo: Chris Ratcliffe/Getty Images

US wealth adviser Corient has acquired multi-family office Stonehage Fleming and City wealth manager Stanhope Capital, in the latest blockbuster transatlantic tie-up in the wealth sector.

Corient, which is headquartered in Miami, said the deal will significantly expand its global reach by giving it a presence in Europe, the Middle East and Africa.

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