London-based multi-family office, Sandaire, has announced that it is launching a new corporate finance division.
Sandaire Corporate Finance will advise entrepreneurs, HNWIs and family-owned businesses on disposals and acquisitions, joint ventures and strategic alliances.
Sandaire has hired Paul Staples to manage the new division. Staples, who has previously held roles at Deloitte and BNP Paribas, will join as managing director of Sandaire Corporate Finance.
The move into corporate finance was driven by client needs, says James Fleming, chief executive of Sandaire: “We are seeing a real increase in clients’ appetite for integrated advice.
“By closely aligning wealth management with corporate finance through the launch of Sandaire Corporate Finance, we are responding to an increasing level of client demand.”
The move into corporate finance will also improve Sandaire’s offering among single family offices. Sandaire already manages the money of several single-family offices. Speaking to PBI last year, Fleming said, “we have examples of a couple of single-family office clients where we manage their liquid wealth for them. We also have another family office where we manage the private equity side of their allocation.”
Sandaire was founded in 1996 by the Scott family after they sold The Provincial Insurance Company. It now manages the wealth of over 40 families and foundations between its offices in London and Singapore.