Close Brothers Asset Management has raided Rathbones once again as it continues its aggressive hiring push in the high net worth space.
Helen Gerrard (pictured) and Nick Jackson have been appointed managing directors, a press release from the wealth firm announced.
The pair will support CBAM’s investment management capabilities in the North West, working closely with its financial planners, intermediaries and other private client advisers in the region.
They join from rival Rathbones where they provided investment management services for the firm’s North West client base. Gerrard had been at the wealth manager since 1987, joining as a dealer before moving to the investment team in 1994. Jackson joined Rathbones in 2002, specialising in managing portfolios for private individuals, trusts, charities and personal pensions.
CBAM chief executive Martin Andrew said the duo’s “extensive experience” would help the firm enhance its client proposition.
“At a time of economic uncertainty and disruption, high net worth clients need expert support and excellent service more than ever,” Andrew said. “Nick and Helen are fantastic additions to our team and are part of our strategic vision to strengthen our capability for high net worth clients.”
CBAM has been aggressively expanding its high net worth business over the past year and has raided Rathbones on more than one occasion. This January the investment firm nabbed fellow veteran Tim West for its high net worth team.
A year before that it installed Rathbones investment director Andrew Hess as a managing director in its West End office and appointed Christopher Godfrey-Faussett, also from Rathbones, as managing director based in Scotland.
In addition to recruiting senior staffers from Rathbones it has also bulked out its team with hires from Arbuthnot Latham and Brewin Dolphin.
Sarah Keltie joined from law firm Taylor Wessing to become senior investment business development director in January.
