Close Brothers Group PLC CBAM Management Change (2891D)
March 02 2022 - 1:00AM
UK Regulatory
TIDMCBG
RNS Number : 2891D
Close Brothers Group PLC
02 March 2022
CBAM Management Change
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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
Close Brothers Group
Sophie Gillingham plc 020 3857 6574
Close Brothers Group
Camila Sugimura plc 020 3857 6577
Close Brothers Group
Kimberley Taylor plc 020 3857 6233
Close Brothers Group
Irene Galvan 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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