TMF Group has acquired the corporate services division of Stonehage Fleming Group in South Africa to enhance its market presence and service offerings.

Target Information

TMF Group, a premier global provider of compliance and administrative services, has announced its acquisition of the corporate services division in South Africa from Stonehage Fleming Group, a prominent international Multi-Family Office. The acquisition includes two entities: Stonehage Fleming Corporate Services Pty Ltd and Stonehage Fleming Trustees Pty Ltd, collectively known as Stonehage Fleming Corporate Services South Africa (SFCS South Africa). This entity specializes in offering a comprehensive suite of fiduciary, governance, secretarial, and financial management services to clients active in South African capital markets.

This acquisition is a strategic move for TMF Group aimed at enhancing its footprint in South Africa while simultaneously enriching its global service offerings. The integration of SFCS South Africa is expected to provide TMF Group access to a diverse clientele and a pool of new talent, which will bolster the company’s local and global operational capabilities.

Industry Overview in South Africa

The South African corporate services market is characterized by a dynamic landscape that supports a range of industries, particularly in finance and investment. Given the country's position as a key financial hub in Africa, the capital ma