Close Bros reports aum growth
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 reported a 3% rise in its AUM to £8.5bn in the five months to 31 December.
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Close Brothers Asset Management division made "good progress" in the three months to 31 October, with total AUM up 2% to £8.5bn.
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Frankie Mendoza has taken on a new role at Close Brothers Asset Management, part of which is head of strategic relationships.
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Close Brothers asset management business saw its assets under management fall at the end of December by just over £1bn in five months.
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Close Brothers’ first quarter results show a fall in its assets under management of £1bn since the end of its previous reporting quarter.
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Close Brothers said its intention was for further growth despite losses in the asset management business.
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Kleinwort Benson has completed its acquisition of Close Offshore Group.
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