Close Brothers learns ‘expensive lesson’ from Novitas acquisition
Firm recovered in Q3 after its failed lending arm had caused profits to plummet 90% in first half
Firm recovered in Q3 after its failed lending arm had caused profits to plummet 90% in first half
Close Brothers Asset Management has reported a 3% rise in its AUM to £8.5bn in the five months to 31 December.
Close Brothers Asset Management has announced its top talent Deryck Noble-Nebitt is to head up a new discretionary investment service for private clients.
Close Brothers asset management business saw its assets under management fall at the end of December by just over £1bn in five months.
Mark Parry, former managing director at Close Asset Management, has been appointed senior investment manager on Aberdeen’s multi-asset team.
Close Asset Management has launched two new styles of fund that sit within its Discretionary Funds range.