MIAMI FL: Mubadala-backed Corient is reshaping the global wealth management landscape with a pair of transformative acquisitions. The Miami-based advisory giant announced it will purchase Stonehage Fleming and Stanhope Capital, two of Europe’s most respected firms, in deals that will add $214 billion in client assets to its platform.
The transactions, expected to close in the first half of 2026, will be financed with equity. Both firms will be rebranded under the Corient name, aligning them with its partnership model where more than 260 partners co-own the business.
Expansion Strategy
The acquisitions deepen Corient’s footprint across Europe, the Middle East, and Africa, significantly accelerating its global ambitions. The firm, already one of the largest in the US, is positioning itself as a dominant independent player catering to ultra-high-net-worth families and institutions.
Mubadala’s Role
Corient’s expansion is underpinned by Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund. Mubadala has been steadily building influence in global wealth management, having recently privatized CI Financial’s US wealth business.
For Corient, Mubadala’s backing provides both capital strength and credibility in markets where sovereign investors hold long-term influence.
Firm Profiles
- Stonehage Fleming, founded nearly 50 years ago, has grown into one of the largest multi-family offices globally, specializing in succession, planning, and investment services.
- Stanhope Capital, founded in 2004, ranks among Europe’s largest independent wealth managers, offering advisory, private investments, and merchant banking.
As part of the deal, Caledonia Investments confirmed it is selling its minority stake in Stonehage Fleming to Corient for about $385 million (£288 million), pending regulatory approval.
Leadership Transition
Integration will bring new leadership dynamics to Corient’s international operations. Giuseppe Ciucci, Stonehage Fleming’s CEO, will become partner and chairman of Corient International. Daniel Pinto, founder of Stanhope Capital, will serve as partner and CEO of the international division. Both will join Corient’s global board.
Other senior figures, including Stuart Parkinson (Stonehage Fleming) and Keith Bloomfield (FFT Wealth Management), are expected to take on significant roles and ownership stakes.
Strategic Vision
Corient CEO Kurt MacAlpine framed the acquisitions as a turning point, stating the combined firm will be “the world’s largest independent advisory firm focused on the full needs of ultra- and high-net-worth clients.”
The deal was advised by Jefferies and Goldman Sachs for Corient, Spencer House Partners for Stonehage Fleming, and Rothschild & Co for Stanhope.
