Close Brothers Asset Management (CBAM) has nabbed Matthew Spencer from Deutsche Bank to become its head of business development and marketing.
Spencer (pictured) will focus on private clients and intermediaries at CBAM.
At Deutsche Bank, he was managing director and head of intermediaries, multi family offices and group referrals.
He had previously worked at Coutts, Credit Suisse and Jupiter Fund Management.
His hire is part of CBAM’s strategy to expand in the high net worth private client market.
Last month, CBAM poached Paul Denman from Arbuthnot Latham and appointed him as private client director to support the ongoing growth of its high net worth client proposition.
In August, Alastair Wilson, Philip Young and Lucy Katzarova were all hired to support the expansion of its investment management service for high net worth clients.
In Scotland, Christopher Godfrey-Faussett was appointed from Rathbones to the lead the HNW push.
In January, CBAM poached Andrew Hess from Rathbones to take on the role of managing director of its high net worth business, based in the West End office. This was followed by the appointment of Christopher Godfrey-Faussett, also from Rathbones, as managing director based in Scotland.
