Boston Multi Family Office on the Isle of Man has undergone a management buyout which will see Katherine Ellis, former group director of business development, step into the chief executive role on completion. 

Alex McNee will remain as managing director.

Current group CEO Alex Fray has decided to leave to pursue other interests

Boston, formed in 2002 as a single family office, is described as one of the island’s highest profile trust and fiduciary services businesses. Its Dubai and Malta operations are included in the MBO.

The MBO has been backed by Rockpool Investments, a private company inve...