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People Moves: Singapore family office hires team; UK family office multiple hires; Advisory family office hires

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Souter makes hires

Scotland, Edinburgh-based family office Souter Investments has seized opportunities to expand its executive team in the wake of the Covid-19 pandemic.

The hires show that strongly capitalised family offices are in an excellent position to hire talent in the recent shakeout in the financial sector.

Stuart Dunlop has signed up as an investment analyst after five years at EY corporate finance where he covered infrastructure, transport and energy.

Rhea Goshal has also become an analyst at Souter, after working on deals for Anglo-American’s corporate development team.

Souter Investments, a private equity specialist, carried out post Covid-19 stress-tests in the first half of the year to determine its portfolio was safe.

It returned to the acquisition trail this autumn with a series of deals which make use of technology applications.

They include Climate Care, which provides carbon offset services and Likezero, a provider of data capture services, spun out of PwC.

On 25 November Souter teamed up with Horizon Capital to buy Sapphire Systems, a UK provider of enterprise software applications.

Souter Investments represents the interests of Sir Brian Souter, co-founder of transport group Stagecoach.  

Prior to the latest appointments, it retained 13 team members, led by Andy Macfie, John Berthinussen and Calum Cusiter. Souter has invested a total of £250 million in its current portfolio of 25 businesses.

Singapore family office-backed group hires three real estate specialists

A newly formed family office-backed real estate group High Street Holdings based in Singapore has hired three property specialists to grow its business, according to local media sources.  

David Marriott, Daniel Yip, and Giuliano Esposito, join from JLL’s Hotels & Hospitality Group in Asia, where they were senior managers. The family office backing the group isn’t known. 

BNY Mellon hires from Family Office Exchange

BNY Mellon Wealth Management has appointed Vincent Hayes as head of its global family business. Hayes joins from the Family Office Exchange (FOX) where he was a managing director. 

Wendy Craft joins board of Impact Partners

Wendy Craft, chief of staff at Fulcrum Equities, a family office, has joined the advisory board of Impact Partners, a New York City-based communications group. Craft is an acknowledged expert on the family office sector and sits on the advisory board of the Family Office Exchange. 

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