Merged multi family offices (MFO) SandAire and Lord North Street Private Investment Office have rebranded their combined entity as Sandaire Investment Office.
The two London-based MFOs announced they were joining forces in March 2014 and have spent the past nine months integrating the two businesses across all areas, including client servicing, the investment process and operational systems.
Financial terms of the merger were not publicly disclosed.
SandAire and Lord North Street’s merger was followed by the combination of two other London-based MFOS, Stonehage and Fleming Family & Partners, in November 2014.
Sandaire Investment Office will be 100% owned by the Scott family and professionally managed by a board and management drawing on the resources from both original firms. The members of the executive board drawn from the merged firms are:
Alexander Scott - Chairman
William Drake - Vice chairman
Adam Wethered - Vice chairman
Alexandra Altinger - Chief executive officer
Marc Hendriks - Chief investment officer
Drew McNeil - Head of client relationship management
Bruce Offergelt - Chief operating officer
Olivia Hancock - Chief of staff
The merged firm has 50 employees and offices in London and Singapore.
Sandaire Investment Office manages several billion pounds in assets for the Scott family, other wealthy families and endowments including Oxford and Cambridge colleges.