Stanhope Capital to Merge With Luxembourg’s Arche Associates (1)

Stanhope Capital has agreed to merge with multi-family office Arche Associates to boost its services for Europe’s wealthiest.

The combination of London-based Stanhope and Luxembourg-based Arche Associates will create a firm with about $29 billion in assets under management, according to a statement Monday. Terms of the deal weren’t disclosed, but it’s expected to complete in the first quarter of next year.

“Rather than starting from scratch in Luxembourg, we felt that merging with the top independent wealth manager in Luxembourg was the right move,” said Daniel Pinto, founder and chief executive officer of Stanhope, said in an interview ...