Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

SandAire and Lord North Street to merge

SandAire and Lord North Street to merge

SandAire and Lord North Street are to join forces and the combined group will be led by new chief Alexandra Altinger, who joins from Lansdowne Partners.

Both of the firms will retain their own branding but the deal will see Lord North Street become a wholly owned subsidy of SandAire.

Alex Scott, SandAire’s founder, will become executive chairman of the combined group with Lord North Street founders William Drake and Adam Wethered assuming vice chairmen roles. Altinger, who joins as chief executive, most recently worked for Lansdowne Partners.

Wethered said: ‘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 said that both firms’ founders will continue to play a key role in directing the combined group’s strategy and working 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 said.

SandAire was founded in 1996, while Lord North Street was launched in 2000. Both run money for a number of clients, along with endowments, including Oxford and Cambridge colleges. The combined group will have 50 employees and offices in London, Geneva and Singapore.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Play Dangerous daisy chains, Black Friday blues and Uber valuations

Dangerous daisy chains, Black Friday blues and Uber valuations

This week’s Investment Pulse looks at the domino effect in European banks, America’s disappointing Black Friday and how much Uber is really worth.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter