Press release
Tiedemann Group and Alvarium Investments Provide Update on Board Appointments
– Board of Director Appointments Bring Deep Domain Expertise and Experience in Scaling Wealth and Asset Management Platforms – – 2021 Financial Performance
About this update from Alti Global, Inc.
[{"type":"text","content":"\n– Board of Director Appointments Bring Deep Domain Expertise and Experience in Scaling Wealth and Asset Management Platforms –\n\n– 2021 Financial Performance for the Constituent Firms was Robust and in Line with Previously Disclosed Estimates –\n\n– Business Combination with Cartesian Growth Corporation is Progressing and with Executed Extension Expected to Close in Summer of 2022 –\n\n NEW YORK--(BUSINESS WIRE)--\nTiedemann Group1 (“Tiedemann”), Alvarium Investments Limited2 (“Alvarium”), and Cartesian Growth Corporation3 (“Cartesian”) (NASDAQ: GLBL), today announced the selection of director nominees to serve on the future board of the combined company Alvarium Tiedemann Holdings (“Alvarium Tiedemann”). The Alvarium Tiedemann Board will be convened upon the closing of the business combination, which is subject to the registration statement for the issuance of shares in the business combination being declared effective by the SEC, the approval of the proposed business combination by Cartesian's shareholders, the receipt of regulatory approvals in certain jurisdictions where Tiedemann and Alvarium operate, and other customary closing conditions. Cartesian's Class A ordinary shares are currently traded on Nasdaq under the symbol \"GLBL.\" Upon completion of the proposed business combination, Alvarium Tiedemann Class A common stock is expected to be publicly listed under the same ticker symbol.\n\n“We are pleased to announce our board of director nominees which add momentum to our respective firms’ strong performance in 2021. Each firm demonstrated stability and profitability while continuing to drive asset growth with a resilient client base,” said Michael Tiedemann, CEO of the Tiedemann Group. “Our board nominees are proven leaders who bring a depth of expertise and knowledge that complements our existing world-class team. We are looking forward to their significant contributions as we look to scale our global network of capabilities and drive sustainable growth. Our team is preparing for a seamless integration of operations as we eagerly await beginning our journey as a public company.”\n\n“The performance of the constituent firms underscores the compelling rationale for this combination,” Peter Yu, Chairman and CEO of Cartesian added. “We believe Alvarium Tiedemann is uniquely positioned to become a preeminent firm in wealt...