Close Brothers Asset Management (CBAM) has raided Brewin Dolphin for a double hire to support the expansion of its investment management service for high net worth clients.
Philip Young has been appointed as managing director while Lucy Katzarova (pictured) will join as an investment manager.
Young, who was a charity investment director at Brewin since 2011, has over thirty years’ experience in managing portfolios for charities and private clients. Prior to this role, he managed investments at UBS, HSBC and Deutsche Asset Management and is also a fellow of the Chartered Institute for Securities & Investment (CISI).
Katzarova also joins from Brewin where she was an assistant director. Before this, she spent three years at UBS Wealth Management and has a diploma in wealth management from the CISI.
Both will support CBAM’s investment proposition for charities and private clients.
Hiring spree
These appointments follow a recent hiring spree by the asset manager which is looking to grow its high net worth investment capability.
In January it 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. Last week, the asset manager continued to expand its Scottish presence with the appointment of Alastair Wilson as managing director.
To accommodate its expanding high net worth team, CBAM has moved to a larger office in Mayfair on 55 Grosvenor Street where both Young and Katzarova will be based.
Chief executive Martin Andrew said: “We are firmly committed to growing our services for high net worth clients and these appointments are an important step along this path. Philip and Lucy bring extensive experience managing charity mandates and handling a range of private client needs, which will enhance the proposition we are able to offer our clients.
“We are pleased with the growth and new hires that we have made in London and Edinburgh and we are delighted to open our new office in Mayfair which will be well received by clients and our own employees.”
