Caledonia backed Stonehage Fleming completes acquisition of Cavendish Asset Management

Cavendish is a London based firm established to manage the Lewis family’s assets, that expanded to look after institutional and professional clients, and has c.£1.2bn assets under management.

The acquisition of Cavendish is in line with Stonehage Fleming’s strategy of building both its family office advisory and investment management businesses organically and via targeted acquisitions.