Corient has officially confirmed its acquisition of Letus Private Office, an independent multi-family office based in Paris that caters to entrepreneurs and ultra-high-net-worth families across France and Europe. The deal, which had been the subject of speculation in recent days, was announced Tuesday and remains subject to customary closing conditions.
Letus, founded in 2016, is led by managing partners Anice Chlagou, Stephen Lasry, and Alexandre Tsouli, along with partner Sacha Levy. The firm oversees approximately €4.1 billion (roughly $5 billion) in client assets, with a focus on complex asset structures including real estate, art, hotels, vineyards, farms, aircraft, and yachts. Beyond investment management and estate planning, Letus provides project management support alongside financial and legal guidance.
Upon closing, Letus principals will join Corient's partnership structure, a model the firm emphasizes as central to its operations. Kurt MacAlpine, founding partner and CEO of Corient, stated, "Letus has built a dynamic and entrepreneurial firm that is redefining what exceptional family office service looks like for successful families and business owners. Their talented team and deep relationships in the French market make them a perfect fit for our partnership."
Alexandre Tsouli of Letus framed the move as a natural evolution of the firm's nearly decade-long mission. "Since our founding, our goal has been to build a different kind of family office – one that combines deep expertise with a highly personal approach to serving clients," Tsouli said. "With Corient, we have found a true partner who shares those values while providing extensive resources and global reach."
Daniel Pinto, who leads Corient's EMEA operations as partner and CEO, noted that the relationship with Letus's founders predates the deal. "I have known the founders of Letus for many years and am delighted they are becoming Corient Partners," Pinto said. "They have built an entrepreneurial firm that reflects the growing demand in France for independent wealth advice beyond the traditional banking model."
The Letus transaction is the latest in a series of acquisitions reshaping Corient's international footprint. Earlier this year, the firm closed deals for Stonehage Fleming and Stanhope Capital Group, expanding operations across Europe, the Middle East, and Africa. It has also reached an agreement to acquire Geneva-based Bedrock Group, a multi-family office managing close to $10 billion in client assets.
Corient, formed in 2020, operates on a fee-transparent, client-first model built around a private partnership structure similar to those at major professional services firms. The firm now counts more than 300 partners and over 2,500 employees, managing approximately $523 billion globally for ultra-high-net-worth and high-net-worth individuals, families, and businesses.
This acquisition aligns with broader trends in the wealth management industry, as firms increasingly seek to capture the growing ultra-wealthy population. According to a recent Altrata report, the global ultra-wealthy population hit a record 556,850 in 2025, with forecasts of 190,000 more by 2030. Corient's expansion into France positions it to tap into this demographic, particularly as wealthy clients shift spending from goods to experiences, as noted in a Bain report.
