Isle of Man multi-family office announces management buyout

Pedro Gonçalves
clock
Isle of Man multi-family office announces management buyout

Isle of Man-based Boston Multi Family Office has announced a management buyout, in a deal backed by Rockpool Investments. 

The MBO will see Katherine Ellis, former group director of Business Development, step into the chief executive officer role on completion with Alex McNee remaining as managing director.

Boston Multi Family Office was founded in 2002 as a single family office and has been held in private ownership ever since. It has grown into a commercial multi-family office providing boutique administration services from offices in the Isle of Man, Malta and the Dubai International Financial Centre (DIFC).

The creation and preservation of family wealth remains our overriding mission and I am looking forward to working with the team to implement our strategy for future growth"

Boston's Maltese and Dubai operations are included in the management buyout, which has been undertaken with the support of a group of high net worth investors via Rockpool Investments.

Katherine Ellis said: "It is a privilege for Alex and me to take the reins of such a reputable business at a very exciting time in its history. The creation and preservation of family wealth remains our overriding mission and I am looking forward to working with the team to implement our strategy for future growth."

Alex McNee added: "Boston Multi Family Office has responded to demand from intermediaries and other wealthy families to broaden its services over the past two decades and establish a multi-jurisdictional presence. The ability to offer services across both non-EU-offshore and EU-onshore jurisdictions provides an enormous amount of opportunity and gives us maximum flexibility for structuring assets globally. We are keen to explore further opportunities to increase our reach and continue to provide an excellent service for our clients, wherever they may be based."

Boston Link, the recruitment specialist firm and former sister business to Boston Multi Family Office, now becomes a standalone company.

The management buyout is subject to regulatory approval.

Subscribe to International Investment's free, twice-daily, newsletter