Stonehage Fleming Completes Acquisition Of Rootstock Investment Management
Stonehage Fleming Completes Acquisition Of Rootstock Investment Management. Stonehage Fleming one of the world’s leading international multi-family offices, announced the completion of its acquisition of the business and assets of Rootstock Investment Management, an investment firm based in South Africa. The transaction was previously announced on 21 October 2022.
Effective 1 March 2023, Rootstock’s Worldwide Flexible Fund has been rebranded as the Stonehage Fleming SCI Worldwide Flexible Fund. Rootstock’s Global Equity Fund has been merged into Stonehage Fleming’s Global Best Ideas Equity Fund, which is managed in London by industry leader Gerrit Smit.
Stonehage Fleming is adviser to many of the world’s leading families and wealth creators. The company manages and protects their wealth, often across several geographies and generations. It has been privileged to support its clients including the Fleming Family over several decades, in the process bringing together talented professionals to offer a range of skills and capabilities rarely found in one firm. Acting as a full service Family Office, or working in conjunction with other trusted advisers, the company is able to draw on over 40 years of practical experience helping discerning clients address the challenges of creating and preserving wealth.
Chris Merry, Stonehage Fleming Group CEO commented: “We are pleased to announce the formal completion of our acquisition of Rootstock. Making selected acquisitions to enhance our proposition and increase our scale as a complement to organic growth is part of our strategic plan. We will continue to look for more opportunities to bring our differentiated and comprehensive.”
