Asset manager uses Cubitt

Stonehage, a South African company that handles investments on behalf of ‘ultra high net worth' individuals, has brought in Cubitt Consulting to position it as a global player.

Cubitt won the brief after a five-way pitch, and will promote the company to people and families worth more than £15m.

‘Although Stonehage has a South African heritage we'll look to internationalise the brand,' said Cubitt managing partner Simon Brocklebank-Fowler. ‘We're targeting specifically the sort of business people who have property, or live, in London, such as [Roman] Abramovich or [Lakshmi] Mittal.'

Brocklebank-Fowler reports to Stonehage Group CEO Giuseppe Ciucci and director in charge of marketing Robby Hilkowitz.

Stonehage was formerly part-owned by the Amalgamated Banks of South Africa and currently administers £10.6bn of client assets. It sets up and administers international trusts and companies on behalf of clients.

Its asset management arm, TriAlpha, manages £850m for institutions and families. The 30-year-old firm was subject to a management buyout in 2005.

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