These are busy times for the Boston Multi Family Office following the recent acquisition of fiduciary business IQE Limited.
Sarah Ingrassia has been promoted to managing director of Boston’s Isle of Man division at St Mary’s Court, Hill Street, Douglas.
It was a role formerly held by Alex McNee who now becomes Boston Group chief operating officer.
Previously client services director, Mrs Ingrassia has extensive experience in the trust and corporate industry and has enjoyed a career that has spanned companies such as Barclays Private Bank and Trust, and Ernst and Young, as well as 10 years with Boston.
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A member of the Society of Trust and Estate Practitioners, where she gained a distinction in 2005, she served as a director of STEP Isle of Man for more than seven years.
She is also an associate of the Chartered Management Institute and was part of the winning team in the Manx Executive Challenge.
In 2010, she presented at Jesus College, Oxford as part of the Willoughby Prize event.
Her new role as managing director will see her direct and control business operations in the Isle of Man and she will also retain responsibility for overseeing client service delivery.
She said: ’I am extremely pleased to have the opportunity to drive forward our plans for the Isle of Man business and also work in partnership with the wider group.
’It is important to me that we continue to have the highest standards of governance for our structures as we develop the business in line with the needs of our customers and our strategic objectives.’
Boston chief executive Katherine Ellis said: ’Sarah is well known among our colleagues and our clients for her dedication in finding the best possible solutions to help our clients preserve and grow their assets. She has been a valued board member since the management buy-out in 2019 and will lead our Isle of Man business with strength and integrity.
’While the coronavirus pandemic is throwing up many challenges for our clients, it is also an exciting time in the development of Boston Multi Family Office, especially with the recent acquisition of the local fiduciary business IQE Limited.
’We look forward to implementing the additional business opportunities this acquisition brings, both for the Isle of Man business and the wider group.’