Family office Stonehage Fleming has founded its UK advisory board with Lord Renwick as its chairman.
Furthermore, Natalie Campbell and Anthony Wreford has also joined the board.
Lord Renwick was a senior diplomat who served as British Ambassador to the USA and South Africa. He was a crossbench peer in the House of Lords until 2018. He brings with him board experience, having sat on many boards including Richemont AG, SAB Miller plc, British Airways plc. He is a former member of the Stonehage Fleming Group Board.
Campbell is a social entrepreneur who founded A Very Good Company in 2011 to put purpose, sustainability and inclusion into businesses. She is currently CEO of Belu Water and a board member for the London Economic Action Partnership and the Old Oak and Park Royal Development Corporation (OPDC).
Wreford, formerly deputy chairman of Omnicom Europe and president of the MCC, brings extensive communication, marketing and sports experience. He holds a variety of non-executive appointments including FPE Capital and Portas Consulting.
Chris Merry, group chief executive of Stonehage Fleming, said: “I am pleased to announce the launch of the Stonehage Fleming UK Advisory Board, in what is an exciting new development for our business. Our accomplished members will bring an independent view to our client proposition, products and services to ensure that we continue to evolve our offering to meet the needs of our global client base.
“We are fortunate to have secured the services of Lord Renwick, Natalie and Anthony, and I am looking forward to working closely with them.”
Financial terms of the deal were not disclosed.
The acquisition included the transfer of all Cavendish client portfolios worth £1bn to Stonehage Fleming Investment Management (SFIM).
SFIM will assume the management of Cavendish’s four OEIC funds, which will adopt the Stonehage Fleming brand.
These funds include the Cavendish International Fund, Opportunities Fund, AIM Fund, as well as the Balanced Income Fund.