signia wealth eyes family offices

Signia Wealth’s new head of wealth management, Rupert Robinson, has set his sights on more than doubling the firm’s AUM in the next five years, with the takeover of family offices pitted as one way of achieving his goal.

signia wealth eyes family offices

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Robinson, who headed up Schroders UK private banking effort until his departure in 2012, said Signia Wealth is currently in discussions with a couple of family offices, one of which is a “fairly long way down the line”.

“We are having constructive conversations with people and are hopeful something will materialise in the not-too-distant future,” he added.

Established three years ago by Nathalie Dauriac-Stoebe, the company has amassed just over £2bn in assets under management, with a target of reaching £5bn over the next five years.

Robinson said this would be achieved through organic and non-organic growth and explained single family offices provided good acquisition or merger opportunities.

“Perhaps having been established they have realised the costs base is quite prohibitive and the ability to retain good talent is hard. We are talking to one or two at the same time about folding their business into ours and seeking to maximise our infrastructure, breadth and depth. They will also have areas of expertise we are missing here.”

Last month, Signia Wealth announced the appointment of Sir Keith Miles, who was CEO of the London 2012 Olympics, as an advisory member of the board. 

 

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