Sandaire Investment Office is an investment

office An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific du ...

that delivers tailored investment portfolios and solutions for wealthy

families Family (from la, familia) is a group of people related either by consanguinity (by recognized birth) or affinity (by marriage or other relationship). The purpose of the family is to maintain the well-being of its members and of society. Ideal ...

and

foundation Foundation may refer to: * Foundation (nonprofit), a type of charitable organization ** Foundation (United States law), a type of charitable organization in the U.S. ** Private foundation, a charitable organization that, while serving a good cause ...

s. The firm serves 45 families and manages in excess of £3bn in assets. The firm, which is based in

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London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

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was founded in 1996. In 2012, the company opened an office in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

which acts as a hub for its activities in

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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 A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

. The family had owned Provincial Insurance and Exeter Bank for five generations and collaborated with

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John Maynard Keynes John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in ...

in its development. 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.

Acquisition by Schroders

Schroders Schroders plc is a British multinational asset management company, founded in 1804. The company employs over 5,000 people worldwide in 32 locations around Europe, America, Asia, Africa and the Middle East. Headquartered in the City of London, it ...

subsidiary Cazenove bought London-based Sandaire in September 2020.Press Release: Schroders grows Cazenove Capital’s leading position in the UK Ultra-High-Net-Worth sector with acquisition of family office specialist Sandaire
sandaire.com, retrieved 28 September 2020.

References

{{Reflist Financial services companies established in 1996 Companies based in the City of Westminster Investment companies of the United Kingdom 2020 mergers and acquisitions