– Alvarium Tiedemann Holdings to begin trading on NASDAQ under the Ticker “ALTI” on January 4, 2023 –
NEW YORK, January 3, 2023–(BUSINESS WIRE)–Tiedemann Group (“Tiedemann”), Alvarium Investments Limited (“Alvarium”) and Cartesian Growth Corporation (“Cartesian”) (NASDAQ: GLBL ) announced today that they have completed their announced business combination before ( “Business Combination” ). The Business Combination was approved at an extraordinary general meeting of Cartesian shareholders on November 17, 2022 and closed today, January 3, 2023. The combined company now operates as Alvarium Tiedemann Holdings, Inc. (“Alvarium Tiedemann” or “AlTi”) and its Class A common stock and warrants will begin trading on NASDAQ under the symbols “ALTI” and “ALTIW,” respectively, beginning tomorrow, January 4, 2023.
“We have created a truly distinctive, global wealth and asset management firm with a breadth of international capabilities and access to an entrepreneurial network. Today marks our next chapter,” said Michael Tiedemann, CEO of Alvarium Tiedemann. “AlTi has an outstanding Board of Directors and leadership team to manage this new phase of growth. In 2023, we plan to capitalize on the opportunity to provide our clients and partners with best-in-class financial advisory services, access to alternative investment opportunities. and a leading impact investment offering. Thank you to all of our stakeholders as well as the Kartesian team for their unwavering support and outstanding efforts over the past year.”
Peter Yu, Chairman and CEO of Cartesian said: “We are pleased to complete the business combination and are excited to introduce Alvarium Tiedemann’s platform and differentiated offering to the public markets. AlTi serves a large and growing market and has the global ecosystem to deliver truly personalized independent advisory services and compelling investment opportunities in line with changing client needs.”
About Alvarium Tiedemann
AlTi is an independent global wealth and asset manager providing entrepreneurs, multi-generational families, institutions and next generation young leaders with trust capabilities, as well as alternative investment strategies and advisory services. AlTi’s comprehensive offering is underlined by a commitment to impact or value-related investments and generating a positive net impact through its business activities. The firm currently manages or advises on approximately $60 billion in combined assets and has an extensive network of over 400 professionals on four continents. For more information, please visit us at www.Alti-global.com.
Forward-looking statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Securities Private Affairs Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “anticipates,” “plans,” “intends,” “believes,” “requires,” “may,” “will,” ” should”, “future”, “proposes” and variations of these words or similar expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Tiedemann, Alvarium or Kartesian, which could cause actual results or results to differ materially from those discussed in the forward-looking statements. Important factors, among others, that could affect actual results or results include (i) the inability to realize the expected benefits of the business combination; (ii) the inability to maintain the listing of AlTi shares on Nasdaq after the business combination; (iii) costs related to the business combination; (iv) the risk that the business combination will disrupt current plans and operations as a result of the announcement and completion of the business combination; (v) AlTi’s ability to manage growth and execute business plans and meet forecasts; (vi) potential litigation involving AlTi, Cartesian, Tiedemann or Alvarium; (vii) changes in applicable laws or regulations, particularly with respect to wealth management and asset management; (viii) general economic and market conditions affecting demand for AlTi’s services, and in particular economic and market conditions in the financial services industry in the markets where AlTi operates; and (ix) other risks and uncertainties disclosed from time to time in the registration statement, including those under “Risk Factors” therein, and in Cartesian’s or AlTi’s other filings with the SEC. Forward-looking statements speak only as of the date they are made. None of AlTi, Cartesian, Tiedemann and Alvarium undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. None of AlTi, Cartesian, Tiedemann or Alvarium makes any guarantee that any of AlTi, Cartesian, Tiedemann or Alvarium will achieve expectations.
Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20230103005524/en/
contacts
Media:
Prosek Partners
Ben Shapiro
Pro-AlTi@prosek.com
Investors:
Prosek Partners
Alex Jorgensen
AlTi@prosek.com
