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Mubadala-backed Corient buys Stonehage Fleming and Stanhope, adding $214B in assets
Corient, one of the biggest wealth advisory firms in the US, is expanding into Europe by buying two well-known firms — Stonehage Fleming and Stanhope. The company announced the deal on Tuesday.
Expansion in Europe
The acquisitions will add over $214 billion in client assets to Corient’s platform and give the Miami-based firm a stronger presence in Europe, the Middle East, and Africa.
The deals will be paid for with equity and are expected to close in the first half of 2026. Afterward, both firms will be rebranded as Corient. The company will also extend its private partnership model — where more than 260 partners co-own the business — to its new international operations.
Backing and background
Corient is backed by Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund. Mubadala recently took CI Financial’s US wealth business private.
Stonehage Fleming, founded nearly 50 years ago, is one of the world’s top multi-family offices, offering services in wealth planning, investments, and succession management. Stanhope Capital, founded in 2004, is one of Europe’s largest independent wealth managers, focusing on advisory, private investments, and merchant banking.
Caledonia Investments also confirmed it sold its minority stake in Stonehage Fleming to Corient for about $385 million (£288 million). This deal is also expected to close in the first half of 2026, pending regulatory approval.
Management structure
Leadership from both firms will take senior positions at Corient.
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Giuseppe Ciucci (Stonehage Fleming) will become a partner and chairman of Corient International.
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Daniel Pinto (Stanhope Capital) will be a partner and CEO of the international business.
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Both will join Corient’s global board.
Other senior leaders, such as Stuart Parkinson (Stonehage Fleming) and Keith Bloomfield (FFT Wealth Management), will also take on key roles and hold ownership stakes in the combined firm.
CEO statement
Corient CEO Kurt MacAlpine said the merger will create “the world’s largest independent advisory firm focused on the full needs of ultra- and high-net-worth clients.”
Advisors on the deal included Jefferies and Goldman Sachs for Corient, Spencer House Partners for Stonehage Fleming, and Rothschild & Co for Stanhope.
Published: 4th September 2025
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