The Singapore arm of UK-headquartered multi-family office SandAire has been registered as registered fund management company with the Monetary Authority of Singapore.

The Singapore arm of UK-headquartered multi-family office SandAire has been registered with the Monetary Authority of Singapore as a Registered Fund Management Company.

Alexander Scott, executive chairman of SandAire said the registration was "another important step in fulfilling SandAire’s vision of further expanding its global multi-family office into a network". The firm has also appointed Nadav Lehavy as its managing director.

The move is part of continued expansion and development at the MFO; last year, it talked to the sister publication of this website about its branding and marketing efforts to highlight its value proposition. (To view that article, click here.)

Prior to joining SandAire, Nadav launched and managed a regional consultancy firm that focused on advising financial services companies looking to expand their business presence in Asia. Nadav has also managed AIG Trading Group and was responsible for the expansion of AIG Private Bank’s presence in Southeast Asia.

SandAire launched its Singapore office last year in response to its growing international client base, the firm said.

The business is also part of the Wigmore Association, a group of several single and multi-family offices which collaborate to share investment ideas. 

Besides SandAire, Wigmore is made up of: Pitcairn (US), The Myer Family Company (Australia), HQ Trust (Germany), Northwood Family Office (Canada), Progeny 3 (US), and Turim Family Office & Investment Management (Brazil).

Earlier in June, SandAire said it had created an advisory board composed of a number of prominent investment industry figures: Mark Fuller, Stephen Hill, Mark Houghton-Berry, Christopher Scott and Fred Vinton.