The UK-based firm, which provides dedicated asset management services to charities, fund managers and family offices, has hired a strategic advisor based in Singapore.
Sandstone has roped in wealth management industry veteran Simon Lints to help the firm build its investment business across the Asia Pacific region, it announced in a statement on Wednesday.
Sandstone said his appointment will «position the business with an established network of private clients and private wealth intermediaries in the APAC markets.»
Lints was recently appointed by the Scottish government as its trade envoy to Singapore. Over his career, he held senior positions at J.P. Morgan, Saudi International Bank, Strathclyde Pharmaceuticals, UBS and Credit Suisse. Most recently he was CEO of Schroders Wealth Management, based in Singapore, responsible for Southeast Asia.
Family Office Focus
Founded in 2020, Sandstone is a sister business to property company Grant Property, which has invested £1 billion ($1.41 billion) in residential properties in prime university cities and towns across the U.K., on behalf of investors globally.
«We are well geared to work with HNWIs and family offices in Asia,» Lints said in the announcement.
«They have strong connectivity with the U.K.. And, with extremely low interest rates and a history of capital appreciation and strong rental returns amongst students, the market is strong and attractive to family offices who are looking to buy into value and real asset-backed projects, especially as residential prices in the U.K. have risen sharply in recent years,» Lints added.
