Schroders acquires £2.2bn Sandaire in wealth push

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Schroders has agreed to buy Sandaire, a £2.2bn London-based family office, for an undisclosed price in a move to grow its wealth management business for UHNW clients. Sandaire will become part of Schroders' existing wealth management business, Cazenove Capital. Peter Hall, global head of wealth management at Schroders, said: "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." Sandaire was established in 1996 to manage the fortune of the Scott family following the sale of Provincial ...

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