REG - Close Bros Grp PLC - CBAM Management Change

Close BrothersAnnouncement

18/11/2021 07:05

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RNS Number : 7474S  Close Brothers Group PLC  18 November 2021

 CBAM Management Change

Close Brothers Group plc ("Close Brothers" or "the Group") today announces
that Martin Andrew has decided to step down from his role as Chief Executive
of Close Brothers Asset Management ("CBAM") to pursue the next stage of his
career. Martin has been with CBAM for sixteen years, the last thirteen of
which as Chief Executive.

Martin will remain with the business until the spring 2022 to ensure a smooth
succession. The search for a successor is well underway and an announcement
will be made in due course.

Adrian Sainsbury, Group Chief Executive, said: "We take a long term view of
our businesses and Martin and I have been discussing succession planning in
CBAM for some time. I would like to thank him for giving us time to ensure we
could plan for a smooth transition.

"Martin has made an enormous contribution to the group during his time here,
and I have very much enjoyed working with him. We will miss his strategic
thinking and his ideas. Martin has built a high quality business with an
excellent team at CBAM and he will leave a significant and lasting legacy
behind him."

Martin Andrew said: "It has been a privilege to lead CBAM and serve our
clients over many years and I am proud of what the team has accomplished. I
will leave with a strong fondness towards Close Brothers and I am committed to
a smooth handover to my successor in due course."

Enquiries

 Sophie Gillingham                  Close Brothers Group plc  020 3857 6574
 Camila Sugimura                    Close Brothers Group plc  020 3857 6577
 Kimberley Taylor                   Close Brothers Group plc  020 3857 6233
 Irene Galvan                       Close Brothers Group plc  020 3857 6217
 Sam Cartwright                     Maitland                  07827 254 561

 

About Close Brothers

Close Brothers is a leading UK merchant banking group providing lending,
deposit taking, wealth management services and securities trading. We employ
over 3,700 people, principally in the UK. Close Brothers Group plc is listed
on the London Stock Exchange and is a member of the FTSE 250.

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