FB News

Top family office to split investment function

Multi-family office HQ Trust is to split its investment advice between two of its managing directors after the departure of its chief investment officer.
 
Managing directors Fritz Becker and Christian Stadermann will oversee the work of Markus Stadlmann, the former chief investment officer who has left earlier to join Barclays Wealth to head their discretionary investing efforts. 
 
A spokeswoman for HQ Trust said Stadlmann wouldn't be replaced.
 
HQ Trust, based in Bad Homburg, manages around $15 billion of assets, which are made up of Quandt family money and other ultra-high net worth family money.
 
The Quandt family own around 45% of German carmaker BMW.

Want to get the latest family business/family office news direct to your desktop? Click here to register to receive our weekly newsletter

 

Are you a member of a multigenerational family business or family office? Click here to subscribe to our magazines

Top Stories