Stonehage Fleming, the leading independently owned international Family Office, has appointed Chris Merry as its new chief executive officer.
Merry, who will be based at the firm's London office, will be taking over from Giuseppe Ciucci, Stonehage Fleming Group CEO since 1997. Ciucci will remain in a full-time executive capacity as managing partner, focusing on serving existing clients as well as building new client relationships. He will also become deputy chairman of the board, where he will continue to contribute to the strategic direction of the firm.
Formerly CEO of Ipes, a leading European provider of fund administration and outsourcing services, where he worked for five years, he has also served as CEO of RSM Tenon, the UK accounting firm later acquired by Baker Tilly, and at Matrix Group, a privately held boutique financial services firm. He previously was the finance director for Clifford Chance, a leading global law firm, prior to which he was a partner at PwC, with experience in London, New York and Shanghai.
Giuseppe Ciucci, Managing Partner, Stonehage Fleming, said: "After 22 years as Group CEO the time is now right to appoint a new person to this role, to bring some fresh ideas and direction and enable me to concentrate first and foremost on serving our clients. It has given me great pride and pleasure to lead such a talented team in transforming our business into the leading European multi-family office."
Stonehage Fleming Group CEO Chris Merry added: "Stonehage Fleming has a remarkable position in its market, and this has been endorsed by Caledonia's decision to make such a significant investment in the future of the firm."
"Stonehage Fleming has a strong culture, an enviable array of services and unrivalled experience in counselling families across the entirety of their wealth. Anchored by a founding family now in its sixth generation, the firm has also demonstrated its ability to understand the requirements of a contemporary audience. I am excited to work with a team that has redefined the modern Family Office."