Click here to close now.

SYS-CON MEDIA Authors: John Wetherill, Lori MacVittie, Roger Strukhoff, Pat Romanski, Carmen Gonzalez

News Feed Item

Pioneers of Multi-family Office Sector to Create Major Combined Force

LONDON, March 20, 2014 /PRNewswire/ --

Newly  appointed  CEO  to  manage  the  expansion  of  the  two  firms

London-based multi-family office pioneers, SandAire and Lord North Street, confirm today that they have agreed terms to join forces.  The merged firm will have 50 employees and the group will have offices in London, Geneva, and Singapore.

As a result of this agreement, the enlarged new business will be a global leader in providing conflict-free investment management services to families with large fortunes and major endowment funds.  Both firms currently manage substantial assets for wealthy international families and endowments including Oxford and Cambridge colleges and both have been recognised through the receipt of industry awards for the quality of their service and sector leadership.

"This is an exciting ambitious strategic step forward for us," said Alex Scott, founder of SandAire.  "Crucially, our businesses share common values on the principles of serving clients and this made the fit so compelling.  Together, we are very well positioned to meet the growing global need for families and endowments to access specialised objective guidance on their investments."

Under the terms of the agreement, Alex Scott will assume the role of Executive Chairman.  William Drake and Adam Wethered, who co-founded Lord North Street, will be Vice-Chairmen. The two will also be shareholders of the combined business which will be majority owned by the Scott family.

"Our two firms share a distinctive culture and philosophy regarding the provision of bespoke and unbiased investment services to wealthy families and endowments," said William Drake. "The respect between us is considerable. This combination provides us with better scale to serve clients and to support our employees.  It also fits our ambitions for gradual international expansion".

In line with the announcement, the leadership team is being strengthened by the appointment of Alexandra Altinger as Chief Executive Officer.  Alexandra Altinger has over 20 years' experience in the global wealth and asset management industry. During this time, she spent a significant part of her career working in Asia and the US. Most recently Altinger worked for Lansdowne Partners.  Prior to this she was at Wellington Management leading the Sub Advisory and Fund Distribution business in Europe.  

Commenting on the appointment and the strategic vision, Adam Wethered stated: "Alex, William and I recognise the tremendous market opportunities for our business. To capitalise on this we felt that Alexandra will provide strong leadership to the new management team as it integrates the firms, enhances what we offer clients and then expands the business".

Scott added that the three founders will continue to remain active in the strategic direction of the firm and continue to interact directly with clients. "Indeed, this will free up our founders to have more contact with our clients, accelerate our ambitions for the business and create exciting careers for our people," he remarked.

NOTES  TO  EDITORS

  • The transaction is subject to the approval of The Financial Conduct Authority.
  • The financial terms of the deal will not be disclosed to the public.  
  • Together, the firm will manage several billion pounds in assets for wealthy families and endowments including Oxford and Cambridge Colleges.
  • The two corporate brands SandAire and Lord North Street will continue to operate in the market place. Lord North Street will become a wholly owned entity of SandAire.
  • SandAire is a multi-family office founded in 1996 by Alex Scott. Today, along with the assets of the Scott family, the firm manages investments for a significant number of families and endowments. Since inception the firm has won numerous industry awards including, most recently, MFO Team of the Year at the 2013 STEP awards. In addition, the business also initiated the innovative Wigmore Association which is a collaboration of the CIOs of seven family investment groups across the globe.
  • Lord North Street is a private investment office founded by two former barristers in 2000 - Adam Wethered and William Drake. The two had been engaged in investment banking and private banking since the late 1970s.  Today, the company advises wealthy families and endowments in the UK and continental Europe on their investment assets. The firm has regularly been recognised through awards for its high level of excellence.  Most recently, it was awarded Private Investment Office of the Year at the 2013 STEP awards.

FOR  MORE  INFORMATION:
Ivo Forde    
Fin International Public Relations Ltd    
L/Line: +44(0)20-7608-2280
Mob: +44(0)771-364-2828
[email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
With the arrival of the Big Data revolution, a data professional is expected to master a broad spectrum of complex domains including data processing, mathematics, programming languages, machine learning techniques, and business knowledge. While this mastery is undoubtedly important, this narrow focus on tool usage has divorced many from the imagination required to solve real-world problems. As the demand for analysis increases, the data science community must transform from tool experts to "data...
SYS-CON Events announced today that Emcien will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Emcien’s vision is to let anyone use data to know the future. Emcien has built an automated, predictive analysis product that improves the lives of real people. Emcien allows people to automate their data analysis so they can build a better future.
SYS-CON Events announced today that Litmus Automation will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Litmus Automation’s vision is to provide a solution for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus Automation simplifies the complexity of connected devices applications with Loop, a secure and scalable clou...
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SYS-CON Events announced today that Creative Business Solutions will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microser...
The webinar, hosted by XebiaLabs, will feature 4 experts including Special Host Gene Kim, author of The Phoenix Project, along with IT thought leaders Gary Gruver, Randy Shoup and XebiaLabs' Andrew Phillips. The panel brings more than 30 years of collective experience surrounding microservices transformations at major companies including Google, eBay and Tripwire. "The story around microservices and containers is pretty compelling and the attraction of more flexibility is obviously alluring,"...
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting we...
SYS-CON Events announced today that FierceDevOps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. FierceDevOps keeps software developers and IT operations personnel updated on the latest news and trends around the rapidly evolving role of the traditional IT worker.
WHOA.com has announced the newest addition to its data center footprint with the expansion into Equinix's newest state-of-the-art facility: DC-11 Washington, DC IBX+. Located in Ashburn, VA, this data center expands Whoa.com's presence to meet rapidly expanding customer demand for secure cloud solutions. Equinix, Inc. operates International Business Exchange™ (IBX®) data centers in 32 markets across 15 countries in the Americas, EMEA, and Asia-Pacific. Equinix is committed to operating faciliti...