Sandaire Investment Office Explained

Sandaire
Type:Private Company
Predecessor:Lord North Street, SandAire
Founded:1996
Founder:Alex Scott
Location City:London
Location Country:United Kingdom
Locations:105 Wigmore Street, Marylebone, London, United Kingdom
Industry:Investment Management
Owner:Cazenove (subisidiary of Schroders)
Num Employees:1 - 50
Homepage:http://sandaire.com/ http://sandaire.com/blog/

Sandaire Investment Office is an investment office that delivers tailored investment portfolios and solutions for wealthy families and foundations.[1] The firm serves 45 families and manages in excess of £3bn in assets.[2] [3] [4] [5]

The firm, which is based in Marylebone, London, United Kingdom was founded in 1996. In 2012, the company opened an office in Singapore which acts as a hub for its activities in Asia.[6] [7]

History

The firm was founded by Alex Scott to manage the wider Scott family's wealth following the sales of Provincial Insurance and Exeter Bank. The family had owned Provincial Insurance and Exeter Bank for five generations and collaborated with economist John Maynard Keynes in its development.[8]

Scott is the Chairman of Sandaire and remains the Non-Executive Director of his family's investment holding company and Director of several private companies. He is also a Trustee of The Grosvenor Estate, Chairman of Wheatsheaf Investments and co-founded the Institute for Family Business (UK).

Merger with Lord North Street

In 2014, SandAire merged with Lord North Street, also a multi-family investment office based in London and founded by barristers Adam Wethered and William Drake in 2000. The firms re-branded as Sandaire Investment Office in early 2015.[9] [10] [11] [12] [13] [14]

Acquisition by Schroders

Schroders subsidiary Cazenove bought London-based Sandaire in September 2020.[15]

Notes and References

  1. Web site: SANDAIRE AND DELANCEY LAUNCH MOUNT KENDAL IN SINGAPORE AND HONG KONG, OFFERING A UNIQUE REAL ESTATE INVESTMENT ADVISORY SERVICE TO ASIAN INVESTORS. Newswire. MultiVu - PR. Multivu. en-gb. 2018-05-18.
  2. Web site: A Cautious and Careful Approach to Private Equity . Financial Advisor IQ . 2015-07-22 . 2016-08-16.
  3. Web site: Head to head: how do UK and US family offices compare? . Citywire . 2015-08-12 . 2016-08-16.
  4. Web site: Alison Ebbage . Family Office: The purpose/cost equation . Campden FB . 2016-03-11 . 2016-08-16.
  5. Web site: The rise of ESG funds: how green should your portfolios be? . Citywire . 2015-12-10 . 2016-08-16.
  6. Web site: Marissa LeeThe Straits TimesSaturday, Apr 18, 2015 . Super-rich Asians draw multi-family financial firms, News, News, AsiaOne Business News . https://web.archive.org/web/20150419064306/http://business.asiaone.com/news/super-rich-asians-draw-multi-family-financial-firms . dead . April 19, 2015 . Business.asiaone.com . 2015-04-18 . 2016-08-16.
  7. Web site: Sandaire Investment Office . Sandaire.com . 2016-08-16.
  8. Web site: Yuri Bender . Sandaire Investment Office's community spirit . FT.com . 2015-10-23 . 2016-08-16.
  9. Web site: Profile: how Sandaire plans to build on its Lord North Street merger . Citywire . 2015-04-09 . 2016-08-16.
  10. Web site: Lord North Street and SandAire agree merger . FTAdviser.com . 2014-03-27 . 2016-08-16.
  11. Web site: Ceri Jones . Cost challenges drive mergers . FT.com . 2015-10-23 . 2016-08-16.
  12. Web site: Combined multi family office unveils new brand . Campden FB . 2015-03-06 . 2016-08-16.
  13. Web site: Pioneers of Multi-family Office Sector to Create Major Combined Force /PR Newswire UK/ . united kingdom, switzerland, singapore . Prnewswire.co.uk . 2016-08-16.
  14. Web site: Dennys . Harriet . City Diary: Mulberry boss packed his bags in haste . Telegraph . 2016-08-16.
  15. https://sandaire.com/press-release-schroders-grows-cazenove-capitals-leading-position-in-the-uk-ultra-high-net-worth-sector-with-acquisition-of-family-office-specialist-sandaire/ Press Release: Schroders grows Cazenove Capital’s leading position in the UK Ultra-High-Net-Worth sector with acquisition of family office specialist Sandaire

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