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2w ago

Corient to Buy Stonehage Fleming and Stanhope Capital, Lifting AUM to US$430 Billion

Mubadala’s recent take‑private gives Corient the equity base to pursue larger cross‑border deals.

The federal banking regulator is keeping its domestic stability buffer on hold as it says financial system vulnerabilities, such as high household debt, remain elevated but stable, while near-term risks continue to be low despite some recent increase. Bank towers are shown from Bay Street in Toronto's financial district on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
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Overview

  • Corient agreed to acquire Jersey-based Stonehage Fleming (about US$175 billion AUM) and London-based Stanhope Capital (nearly US$40 billion), adding roughly US$214 billion in client assets and extending its footprint across Europe, the Middle East and Africa.
  • The combined firm projects approximately US$430 billion in assets under management upon closing, a scale Corient says would make it the world’s largest independent advisory firm focused on ultra‑high‑net‑worth clients.
  • The transactions are being funded through equity following CI Financial’s take‑private by Mubadala Capital, with completion targeted for the first half of 2026 pending customary regulatory approvals.
  • Leadership shifts include Giuseppe Ciucci becoming partner and chairman, Daniel Pinto serving as partner and CEO of Corient’s international business, and Stuart Parkinson taking the role of partner and president of the international division.
  • The Stanhope deal includes FWM Holdings, operator of FFT Wealth Management, and the companies emphasize a partnership model that retains founders and senior executives as operators and equity stakeholders.