The multi-family office and private investment office, which joined forces last year, are now operating under a single moniker.

London-based multi-family office firms SandAire and Lord North Street Private Investment Office, which last year merged at a time of some consolidation in that sector, today said they will operate as a single entity under the name of Sandaire Investment Office. 

The new entity will be 100 per cent 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;
Marc Hendriks - chief investment officer;
Drew McNeil - head of client relationship management;
Bruce Offergelt - chief operating officer;
Olivia Hancock - chief of staff.

SandAire was originally founded in London in 1996 by Alexander Scott to manage the wealth of the Scott family following the sale of Provincial Insurance and Exeter Bank and to provide this same service to other families and foundations. Lord North Street was formed in 2000.

The merger of the firms was followed in November last year by the union of Stonehage and Fleming Family & Partners. The family/private investment office world has seen some of the same pressures to obtain economies of scale as has affected the private banking sector.