Boston Multi Family Office has announced the promotion of Sarah Ingrassia to Managing Director of its Isle of Man division, Boston Limited (IOM), a role formerly held by Alex McNee who now becomes Boston Group Chief Operating Officer.

Previously Client Services Director, Sarah has extensive experience in the trust and corporate industry and has enjoyed a career that has spanned blue chip companies such as Barclays Private Bank & Trust and Ernst & Young, as well as 10 years with Boston.

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 over 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, Sarah presented at Jesus College, Oxford as part of the prestigious 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. “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,” she said. “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.”

Commenting on the appointment, Boston CEO Katherine Ellis added: “Sarah is well known amongst 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.”