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Stonehage Fleming and Glenmede announce strategic alliance

14 November 2018

April French Furnell

Stonehage Fleming, one of the world’s leading international family offices, and Glenmede, a private wealth and institutional investment management firm in the United States, today announced they have entered into a strategic alliance, effective immediately. The agreement will see the second and third largest independent multi-family offices in the world expand their respective client offerings and geographical capabilities. Both firms will remain independently managed and privately held.

Mark McMullen, CEO for the Family Office of Stonehage Fleming said, “We have a long history of successful overseas alliances, including Jardine Fleming and T Rowe Price Fleming and believe this will represent an equally fruitful relationship. Compatibility is a key factor behind this agreement, demonstrated already through the engagement of mutual clients to date”. 

“Through the formation of this alliance, we will be better positioned to assist our clients with their multi-jurisdictional needs by partnering with a proven and like-minded organisation,” said Gordon Fowler, President and Chief Executive Officer of Glenmede. “Our firms are aligned culturally and philosophically, and our clients will experience an expanded service offering in a seamless manner.”

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