REG - Close Bros Grp PLC - CBAM Management Change

Close BrothersAnnouncement

02/03/2022 07:00

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RNS Number : 2891D  Close Brothers Group PLC  02 March 2022

 

 CBAM Management Change

Close Brothers Group plc ("Close Brothers" or "the Group") is pleased to
announce that Eddy Reynolds has been selected to succeed Martin Andrew as
chief executive of Close Brothers Asset Management ("CBAM"). Eddy has over 30
years' experience in the fund and wealth management industries. He held a
number of executive positions at Standard Life Aberdeen, most recently as
Managing Director of Standard Life Savings. Earlier in his career he was Head
of Investment at Lloyds Private Bank, and previously held a number of senior
roles at Aegon Asset Management and Scottish Widows Investment Partnership.

Eddy will take up the new position with effect from 7 March 2022 and his
appointment follows an extensive search process following Martin's planned
departure, as announced in November 2021.

Adrian Sainsbury, group Chief Executive, said: "I am delighted to announce the
appointment of Eddy Reynolds as the next chief executive of CBAM. He brings
outstanding experience and knowledge and will lead a talented team through the
next stage of CBAM's development."

"On behalf of the executive committee and the board, I would like to thank
Martin for his significant contribution to the group during his 16 years at
CBAM and wish him the very best for the future."

Eddy Reynolds said: "I look forward to joining the group and playing my part
in the continuing development of a distinctive wealth management business like
CBAM, building on the impressive position established over the past years."

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.

About Close Brothers Asset Management

Close Brothers Asset Management provides a full range of advice, investment
management and self-directed services to private clients and professional
advisers. The business operates out of offices in London, Bristol, Chester,
Manchester, Gatwick, Farnham, Newcastle, Midlands, Northwich, Edinburgh and
Glasgow.

Close Brothers Asset Management is a trading name of Close Asset Management
Limited and is part of Close Brothers Group plc. Close Asset Management
Limited is registered in England and Wales and authorised and regulated by the
Financial Conduct Authority. Registered number: 01644127. Registered office:
10 Crown Place, London EC2A 4FT. VAT registration number: 245 5013.

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