Our expertise in financial services dates back to 1903 when The Provincial Insurance Company was founded by Sir James Scott in Manchester.
After ownership passed to James’s sons, Francis and Samuel, the company relocated to Sand Aire House in Cumbria in 1919; a move that would help inspire the business that Sandaire is today.
The Provincial pioneered an innovative approach to underwriting. Among other schemes, it introduced the first rural discount for motor vehicles in Britain.
Involving distinguished economist, John Maynard Keynes, in 1922 was a strategic move by the Scott brothers. They recognised the importance of the investment portfolio within the family’s business and, consequently, by 1936 equity holdings were at 76% above net book costs.
The Provincial grew further, opening a Singapore office in 1957 and by the time the Scotts sold it in 1994, the company employed more than 2,000 people with a turnover of over £350m.
In 1996, Alex Scott founded Sandaire to manage the family’s wealth. He sought two things:
- A fiercely independent, objective approach with analytical focus and excellent results
- Guidance from experts whose concern was to safeguard and advance clients interests
Those motivations remain at our core today.
Our Singapore office was established in 2012 to extend our expertise in Asia. Since then, Sandaire Singapore has become a leading source of information for families who seek to learn more about multi-family investment offices and the opportunities they provide.
Between London and Singapore, we now work closely with over 40 families and foundations across the world.