Corient completed its acquisition of Stonehage Fleming, marking the firm’s significant global expansion in the wealth management sector. The transaction, valued at $43 billion, closed on May 31, 2026.
| Deal At A Glance | |
|---|---|
| Acquirer: | Corient (US) |
| Target: | Stonehage Fleming (GB) |
| Value: | $43.0 billion |
| Type: | Acquisition |
| Closed on: | May 31, 2026 |
| Advisors - Buy-side: | Jefferies, Goldman Sachs & Co LLC, StreetCred |
| Advisors - Sell-side: | Spencer House Partners LLP, Rothschild & Co |
| Legal Advisors (Buy-side): | Skadden, Arps, Slate, Meagher & Flom LLP |
| Legal Advisors (Sell-side): | Macfarlanes LLP, Dechert LLP, Borel & Barbey |
The deal is part of Corient's strategy to grow its global footprint and enhance its standing as a leading independent wealth manager. This acquisition will enable the firm to surpass $500 billion in managed assets, solidifying its position as the world’s largest non-bank wealth management entity.
Deal Mechanics
The transaction includes both Stonehage Fleming and Stanhope Capital Group, with Corient paying a total of $43 billion to acquire these entities. The combined portfolios will further diversify Corient's client base and asset offerings across Europe, the Americas, and Asia.
Strategic Rationale
This acquisition is aimed at expanding Corient’s global presence and reinforcing its position as a premier wealth manager for ultra-high-net-worth individuals. By integrating Stonehage Fleming's expertise in private client services with its own capabilities in asset management, Corient aims to offer clients an unparalleled range of financial solutions.
Financial Context
The deal is expected to have a significant positive impact on Corient’s financial performance and market position. With the combined entity now managing over $500 billion in assets under administration, it will be well-positioned to capitalize on growth opportunities across various international markets.
Outlook
Corient anticipates a seamless integration of Stonehage Fleming’s operations and expects this transaction to drive future revenue growth. The company looks forward to leveraging the combined expertise of its new colleagues to better serve existing clients while attracting new business from around the world.