London, 6th March 2023 – The City of London Corporation has appointed Stanhope Capital Group, one of the world’s leading independent global investment management and advisory firms (“Stanhope”), as its strategic investment advisor. The appointment follows a competitive tender process.
The City Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally successful UK.
It supports and promotes the UK financial and professional services industry, and provides leading public services in the City, wider London, and beyond.
Stanhope will provide strategic investment and asset allocation advice, working alongside the City Corporation’s in-house Corporate Treasury and Investment Property teams.
Chairman of the City Corporation’s Finance Committee, Henry Colthurst, said:
“We play a major role in supporting the UK’s world leading financial and professional services industry both at home and abroad.
“Our reach extends far beyond the Square Mile’s boundaries and across private, public, and charitable and community sector responsibilities. It allows us to promote the interests of people and organisations not just in London but across the UK and play a valued role on the world-stage.
“It will be vitally important to ensure that our investment portfolio is appropriately diversified, protected against risks, and positioned to take advantage of market opportunities. We also wish to work with potential joint investors in some unique and exciting opportunities which the City Corporation is planning for the future. With that in mind, we are pleased to be working with Stanhope Capital and able to tap into their considerable experience in advising endowments, local authorities and major asset owners.”
Daniel Pinto, Chairman and CEO of Stanhope Capital Group, said:
« At the core of our philosophy is the capacity to offer highly tailored investment advice to our clients including prominent institutions. It will be a privilege to work closely with the City of London Corporation which is vital to the effective running of the UK’s financial centre. »
Stanhope Capital Group
+44 (0)7786 022 022
+44 (0)7980 684 247
+44 (0)7813 407 327
About The City of London Corporation
The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk
About Stanhope Capital Group
Founded in 2004 by Daniel Pinto, Stanhope Capital currently oversees in excess of $30 billion for private clients, endowments, charities and other institutions across the globe. The firm, which employs 140 people from its offices in London, Geneva, Paris, New York, Philadelphia, Palm Beach and Boston, is active in wealth management, investment consulting, private investments and merchant banking. In 2021, Stanhope Capital merged with US-based FWM Holdings, owner of Forbes Family Trust. In December 2022, the firm announced its planned expansion in Luxembourg with the acquisition of independent asset manager Arche Associates.