The multi-family office now in its 21st year has appointed a chief operating officer.

Sandaire, the UK multi-family office that has grown through a merger in recent years, with a presence also in Singapore, has appointed Andrew Waldren to the post of chief operating officer. 

Previously the COO role was incorporated within the chief financial officer role. The firm told this publication that because Sandaire is "enhancing its operating model, the operations function became a much larger role and needed to be a standalone".

Waldren brings 28 years of experience, predominantly across the private wealth sector. He previously worked at from Tilney Group where he was responsible for the integration and acquisition of Ingenious Asset Management. Prior to Tilney Group, Waldren held the role of COO of Ingenious Asset Management, J Stern & Co., the private investment office, and Taylor Young Investment Management, where he spent 12 years.  At the beginning of his career, Waldren spent over six years at Butterfield Bank across the UK, Singapore and Bermuda.

In his new role he serves as an executive director on the Sandaire board.

The appointment is a sign of how Sandaire is having to adjust as it grows. Founded in 1996 by Alexander Scott to run the wealth of the Scott family after Provincial Insurance and Exeter Bank was sold, the organisation expanded into Singapore in 2012, and two years’ later, merged with Lord North Street Investment Office (founded in 2000). The business now operates as Sandaire, running money for families and endowments.