Eddy Reynolds is to succeed Martin Andrew (pictured) as chief executive of Close Brothers Asset Management (CBAM), with effect from 7 March.
Andrew’s departure after 13 years at the helm was announced in November 2021. The reason given for his exit was that he wanted to “pursue the next stage of his career”.
He joined the firm in 2005, before stepping up to the top job three years later.
Reynolds has over 30 years’ experience in fund and wealth management, having held a number of executive positions at Standard Life Aberdeen, most recently managing director of Standard Life Savings.
He also had stints at Lloyds Private Bank, Aegon Asset Management and Scottish Widows Investment Partnership.
Close Brothers chief executive Adrian Sainsbury said Reynolds “brings outstanding experience and knowledge and will lead a talented team through the next stage of CBAM’s development”.
He extended the thanks of the board and executive committee to Andrew for “his significant contribution to the group during his 16 years at CBAM and wish him the very best for the future”.
Reynolds added: “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.”
