VAR Capital, based in London's Mayfair district, has been created by individuals with extensive experience in banking, asset management and family offices.

The former chief executive of Sandaire, James Fleming, has been named advisory board vice chairman of VAR Capital, a firm that has made a number of senior appointments. Sandaire, the multi-family office, was bought by UK-listed Schroders last year. 

Fleming (pictured) has been head of international private banking at Coutts and managing director at SG Hambros, as well as vice chairman of Arbuthnot Latham Private Bank.

His appointment follows that of Ilya Goldshtein, who joined as a VP from Barclays, and Safinah Ali who joined as an analyst from Al Rayan Bank.

Other advisory board members in VAR Capital include entrepreneur Sukhpal Singh Ahluwalia (chairman), investment banker Dina Geha, and ex veteran wealth manager Hannelore Graf.

VAR Capital, based in Mayfair, London, was founded by individuals with extensive experience in banking, asset management and family offices.