Corient to buy French multi-family office Letus

Corient has reached a woody to get Letus Private Office, a multi-family bureau and wealthiness advisory concern focused connected entrepreneurs, ultra-high-net-worth individuals and families successful France and elsewhere successful Europe.

Based successful Paris, Letus was acceptable up successful 2016.

Its enactment squad includes managing partners Anice Chlagou, Stephen Lasry and Alexandre Tsouli, on with spouse Sacha Levy.

The steadfast oversees and administers astir €4.1bn ($5bn).

Tsouli said: "Since our founding, our extremity has been to physique a antithetic benignant of household bureau – 1 that combines heavy expertise with a highly idiosyncratic attack to serving clients.

"With Corient, we person recovered a existent spouse who shares those values portion providing extended resources and planetary scope that volition alteration america to bash much for clients. We are excited to articulation Corient arsenic Partners."

Letus works chiefly with ultra-high-net-worth entrepreneurs and their families. Its activities screen concern management, wealthiness and property planning, financing, ineligible and taxation assistance, and philanthropic matters.

After the transaction closes, the principals of Letus volition go Corient Partners.

Corient CEO and founding spouse Kurt MacAlpine said: "Letus has built a dynamic and entrepreneurial steadfast that is redefining what exceptional household bureau work looks similar for palmy families and concern owners.

"Their talented squad and heavy relationships successful the French marketplace marque them a cleanable acceptable for our partnership. We are excited to invited them to Corient."

Earlier this year, the steadfast completed the purchases of Stonehage Fleming and Stanhope Capital Group, giving it operations crossed Europe, the Middle East and Africa. Corient agreed to get Bedrock Group, a Geneva-based multi-family bureau with astir $10bn successful lawsuit assets.

Corient was founded successful 2020. Since then, it has expanded to much than 300 partners and implicit 2,500 employees, with astir $523bn nether absorption worldwide for ultra-high- and high-net-worth individuals, families and businesses.

"Corient to bargain French multi-family bureau Letus" was primitively created and published by Private Banker International, a GlobalData owned brand.