Tiedemann Constantia has acquired London-based multi-family office Holbein Partners for an undisclosed sum.
Switzerland-based Tiedemann Constantia is a partner firm of US giant Tiedemann Advisors.
The acquisition, which is subject to Financial Conduct Authority (FCA) approval, will allow Tiedemann clients to access more cross-border capabilities, and additional expertise in European investment opportunities.
Following the acquisition, Tiedemann Advisors and Tiedemann Constantia, with European offices in Zurich, Geneva and London, together will oversee approximately $30bn (£21.7bn, €25.5bn) of client assets.
Management
Holbein’s managing partners, Steven Blakey, Mark Cunningham and Andrew Rodger will become partners in the combined business.
Cunningham will continue to lead the strategic advisory business and Rodger will join Tiedemann Constantia’s board. Robert Weeber will continue to lead the international business as chief executive of Tiedemann Constantia.
Weeber said: “We are delighted to formally welcome the Holbein team on-board. Our complementary offerings, deep investment expertise and shared culture of excellence will better position us to assist our clients with their multi-jurisdictional wealth management needs for generations to come.
“Our industry is one that continues to undergo considerable consolidation, as clients expect greater transparency, control and bespoke solutions to deliver a truly unique proposition. With the acquisition of Holbein, we believe we are strongly placed to capitalise on this trend.”
