Country: Media relations Useful links Global home About us Newsroom (current) Contact us Search Media relations Newsroom News releases Schroders grows Cazenove… Schroders grows Cazenove Capital’s leading position in the UK Ultra-High-Net-Worth sector with acquisition of family office specialist Sandaire Schroders grows Cazenove Capital’s leading position in the UK Ultra-High-Net-Worth sector with acquisition of family office specialist Sandaire 18/09/2020 Schroders is today announcing that it has reached an agreement to acquire London-based family office Sandaire, as part of the group’s overall strategy to grow its wealth management business. This provides an exceptional opportunity to grow Cazenove Capital’s leading position in the UK Ultra-High-Net-Worth segment and to offer an exceptional global service to multi-jurisdictional families and their advisers through our wealth management businesses in the Channel Islands, Switzerland and Asia. This will combine the boutique-style service of Sandaire with the depth of international investment expertise and financial stability and strength of Schroders, a FTSE 100 company still largely owned by the family who founded it over two centuries ago. Sandaire1 will join Schroders’ Wealth Management business Cazenove Capital[1], one of the UK’s leading advisers to families of significant wealth, family offices and endowments. The Scott family founded Sandaire in 1996 when Provincial Insurance, the family business originally founded by Sir James William Scott in 1903, was sold. Sandaire was established initially to preserve and grow the wealth of the family and, under the leadership of its founder, Alex Scott, grew to provide advice to other multi-generational families of significant wealth. Peter Hall, Global Head of Wealth Management at Schroders, said: “Sandaire has built a very special franchise and its values of offering bespoke and exemplary client service are a strong cultural fit with Schroders. This acquisition will create one of the UK’s top multi-family offices and be a springboard for developing an exceptional global service in this space. I am delighted that Alex is joining us to help build an outstanding international offering for wealthy families – he brings unparalleled empathy with the opportunities and challenges they face.” Mary-Anne Daly, Chief Executive at Cazenove Capital, said: “We believe that the combination of our two businesses will bring significant benefits and enhanced opportunities to clients. The established heritages of our two firms and shared culture of service excellence, combined with the depth of our investment resource and continuous investment in people and technology, will allow us to sustain our presence by the side of our clients for generations to come.” Alex Scott, Founder of Sandaire, said: “Our family has chosen to partner with Schroders in recognition that by combining Sandaire’s specialist expertise in the Family Office field, Cazenove Capital’s leading position as adviser to families of significant wealth in the UK, and Schroder’s impressive global reach and investment capability, there is the opportunity to deliver a truly distinctive proposition to our family members and fellow clients. We are proud of the business we have built over the last two decades and look forward to seeing our family and clients flourish under Sandaire’s new ownership. I look forward to working with Schroders Wealth to help it enhance and grow the services it offers in the Family Office Sector. The transaction is subject to regulatory approval. Its financial terms are not being disclosed. 1 Sandaire is responsible for £2.2bn of client assets, as at 30 June 2020 2 Cazenove Capital is responsible for £35.6bn of client assets, as at 30 June 2020 The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested. Cazenove Capital is a trading name of Schroder & Co. Limited. Registered Office at 1 London Wall Place, London EC2Y 5AU. Registered 2280926 England. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be taped or monitored. Contact Cazenove Capital We have offices in various locations globally. To discuss your wealth management requirements and the services available in your location, please contact us. The value of investments and the income received from them can fall as well as rise. Investors may not get back the amount invested. The use of this site is subject to you having read and accepted our Important Information, which differ dependent on the website jurisdiction. Issued by Cazenove Capital which is a trading name of Schroder & Co. Limited. Registered Office at 1 London Wall Place, London EC2Y 5AU. Registered number 2280926 England. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Compensation Scheme: Your eligible deposits with Schroder & Co. Limited are protected up to a total of £75,000 by the Financial Services Compensation Scheme (“FSCS”), the UK’s deposit protection scheme. 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