TMF Group continues expansion with acquisition of Stonehage Fleming Corporate Services in South Africa
TMF Group, a leading global provider of compliance and administrative services, today announced the acquisition of the corporate services business in South Africa of the Stonehage Fleming Group, a leading international Multi-Family Office.
Two entities were acquired — Stonehage Fleming Corporate Services Pty Ltd and Stonehage Fleming Trustees Pty Ltd, together forming Stonehage Fleming Corporate Services South Africa (“SFCS South Africa”). These businesses provide a range of fiduciary and agency, governance and secretarial, and financial management services predominantly to industries and clients active in South African capital markets.
This acquisition is crucial to expand our presence in South Africa and enrich our local and global portfolio with great clients and new talent. It will also allow SFCS South Africa to become part of a global platform with increased career opportunities and large global clients and capabilities.
This deal is a significant step for our growth in the country. We are delighted to welcome SFCS South Africa employees and clients to our team!
Brendan Harmse, Director of Stonehage Fleming and Head of Corporate Services for South Africa, added: “We are proud to be joining the team at TMF Group. We are sure that the combined new business will benefit our clients through broader corporate services capabilities and provide our professional team with excellent career opportunities.”
Stonehage Fleming will continue to provide corporate services to its core audience of families and wealth creators in jurisdictions outside South Africa. South Africa will remain a core market for its Family Office and Investment Management services.
Media Contacts
TMF Group
Marina Llibre Martín, Global PR Manager
marina.llibremartin@tmf-group.com
About Stonehage Fleming
Stonehage Fleming is adviser to many of the world’s leading families and wealth creators.
The Group manages and protects its clients' wealth across geographies and generations.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration. Stonehage Fleming advises on over GBP135bn (USD170bn/EUR160bn) of assets.
The Group is owned by management, staff and a publicly quoted family investment trust. Stonehage Fleming employs over 1000 people, from 19 offices and 14 locations around the world.
Find out more at: www.stonehagefleming.com
Statistics as of August 2024
FOR FURTHER INFORMATION, ON STONEHAGE FLEMING PLEASE CONTACT
South Africa
Linktank Connect
Sharon Wood
E: sharonwood@linktankconnect.co.za
T: +27 82 562 4885
International
Montfort Communications
Pippa Bailey / Catherine Winterton / Michael Schutzer-Weissmann
E: stonehagefleming@montfort.london
T: +44 7738 912 267 / +44 7526 693 917
