In an unusual merger arrangement, The Tiedemann Group, a New York-based investment and wealth management firm, and Alvarium Investments Limited, a Miami-based registered investment adviser, have entered into an agreement to combine with Cartesian Growth Corp. to form Alvarium Tiedemann Holdings.
Cartesian is a special purpose acquisition company listed on Nasdaq.
The transaction is expected to close in the first quarter of 2022, with the new company headquartered in New York. Michael Tiedemann will be CEO of the new company, which expects to have $54 billion in combined assets under management and advisement, with offices in 11 countries and 25 cities. The stock will trade under the ticker GLBL.
Both firms said in a statement that they are committed to continuing their values-aligned investing approaches and “seek to create an unquestioned leader in gender balance and diversity within the financial services sector.”
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