The independent multi-family office set up by the descendants of a famous Scottish banking family has announced changes to its board. The reorganisation at London-based Fleming Family and Partners, which also counts James Bond author Ian Fleming among its progeny, sees the retirement of founding family shareholder Roddie Fleming.
Non-executive deputy chairman Roddie, who helped to found the business in 2000, will retire at the end of February. However, he will retain his interest by increasing his focus on other varied private equity activities. Mervyn Davies has been appointed non-executive chairman, while Guy Beringer and William Waldegrave will be appointed as non-executive directors as of 1March. Two other Fleming family members, Philip and Valentine Fleming, retain their places on the board.
FF&P was established in 2000 to manage the Fleming family wealth following the sale of Robert Fleming to Chase Manhattan Group. FF&P, which offers asset management, trustee services and corporate finance advisory to other ultra high net worth families, individuals and charities, today manages the assets of numerous family groupings, with in excess of £6.5 billion under management and supervision.
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