Deals
Schroders Buys $2.9 Billion Family Office in Wealth Push
- London-based Sandaire will join Cazenove Capital division
- Schroders’ Peter Harrison has led wealth management drive
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Schroders Plc, the U.K.’s largest stand-alone asset manager, has agreed to buy family office Sandaire as it expands its businesses serving super-rich clients.
London-based family office Sandaire, which runs 2.2 billion pounds ($2.9 billion), will become part of Schroders’ Cazenove Capital wealth management division, according to a company statement on Friday. Sandaire founder Alex Scott will be chairman of Schroders’ global family-office services, a spokesman said.