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


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.”

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