Bringing you live news and features since 2006 

Close Brothers Asset Management’s Mayfair office passes GBP1bn in AUM

RELATED TOPICS​

Close Brothers Asset Management’s (CBAM) Mayfair office is now managing over GBP1 billion in assets, a milestone which the team has passed in just three years.CBAM established a Mayfair presence in April 2017 to provide an additional location alongside its longstanding presence in the City. The team, based at Grosvenor Street, is headed by Managing Director Andrew Hess, alongside experienced investment professionals including Hugh Adlington, Tim Eliot-Cohen, Oliver Harvey, Philip Young, Lucy Katzarova and Tim West. The office is also home to 6 support staff.

 
CBAM’s overall business continues to go from strength to strength, offering high quality wealth management services to high net worth clients. The Mayfair office is one of ten offices throughout the UK and overall the firm manages cGBP12 billion of assets and employs more than 80 investment professionals and 100 advisers.
 
Mayfair’s GBP1 billion milestone comes despite challenging market conditions brought about by Covid-19. The news follows a succession of recent senior hires across the business, including two new managing directors in the North West, Helen Gerrard and Nick Jackson as part of an overall expansion strategy.
 
Martin Andrew, Chief Executive of Close Brothers Asset Management, says: “Our team in Mayfair, like all our teams, have been exemplary, supporting clients through difficult economic circumstances and offering not just excellent bespoke investment solutions, but also peace of mind.
 
“We’re a growing business and one of our core beliefs is that clients deserve choice and convenience. Having a presence and investing in key locations supports this belief and we are keen to back high calibre professionals who want to help us expand our business.”
 
Andrew Hess, Managing Director at Close Brothers Asset Management’s Mayfair office, adds: “We’re extremely proud to have reached the GBP1 billion AUM milestone and we are grateful to the clients who have placed their trust in us. CBAM’s bespoke offering, backed by a substantial global research capability alongside a team with a great deal of experience, means that we can continue to offer high levels of service to our clients. We view this very much as the beginning – we will continue to grow, supporting clients along the way and also hoping to attract more like minded investment managers.”

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by