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Who we are

Close Brothers Asset Management

We provide a complete financial planning and investment service to professionals, business owners, retirees and other high-net-worth individuals and multi-asset investment management to financial advisers, trustees, consultants, family offices and charities. Central to both propositions is our award-winning, institutional-quality investment capability.

We have specialised in managing client portfolios for over 40 years and our financial planning and investment team are supported by more than 550 staff, working from 8 offices across the UK.

Close Brothers Group

Close Brothers is a leading UK merchant banking group, providing lending, deposit taking, wealth management services, and securities trading. Our Banking division provides lending to small businesses and individuals, with an emphasis on specialist finance. We also offer deposit taking services to UK businesses and individuals. In Securities, we provide trading services in the UK through Winterflood, a leading market-maker.

Established in 1878, we believe our traditional merchant banking values, based on service and integrity, continue to be relevant today. We define our approach to business as ‘modern merchant banking’ - values that are embedded in our culture and that underpin everything we do.

Today, Close Brothers Group plc employs 2,700 people, principally in the UK. We are listed on the London Stock Exchange and are a member of the FTSE 250.

Awards

Some of the awards below take into consideration the past performance of our investment offerings. Please be aware that past performance is not a reliable indicator of future returns.


WealthBriefing Awards


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Winner 2016

Innovative Client Solution - Financial Advisory Companies for the Intelligent Retirement® solution

Winner 2016

Investment Product Provider

Winner 2015

Best UK Private Bank:High Net Worth Team

Winner 2013

Best UK Private Bank:High Net Worth Team



PAM Awards


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Finalist 2016

Client Service Quality - High Net Worth:
Quality & Clarity of Reporting.

Winner 2015

Client Service Quality - High Net Worth:
Quality & Clarity of Reporting.

Winner 2014

Image and Reputation - High Net Worth

Winner 2013

Client Service Quality - High Net Worth:
Quality & Clarity of Reporting.

Winner 2012

Client Service Quality - High Net Worth

High Net Worth is where investable assets were above £500,000 




STEP Awards


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Winner 2015/16

Financial Advisor Team of the Year

Winner 2014/15

Financial Advisor Team of the Year



Citywealth Awards


MCA-FinancialAdvisoryFirm-WINNER

Magic Circle Awards

Winner 2016

Financial Advisory Firm of the Year

Runner up 2015

Financial Advisory Firm of the Year

Winner 2013

Financial Advisory Firm of the Year

   
BMRA-BestDigitalMarketing-Silver

Brand Management and Reputation Awards

Silver Award Winner 2016

Best Digital Marketing Campaign




Defaqto ratings


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Defaqto

Our Bespoke Service has a Defaqto 5 Star Rating

   
   
   

Our Discretionary Managed Service & Managed Portfolio Service have a Defaqto 5 Star Rating

   
   
   
   

Our Discretionary Portfolio Fund Family, from our Close Discretionary Fund range has a Defaqto 5 Diamond Rating 

 




Citywire Wealth Manager Awards


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Winner 2013

Best Overall Medium Firm



Growth Investor Awards


GIA 2016 Finalist - Best AIM Investment Manager

Shortlisted 2016

Best AIM Investment Manager




Reward Very Important Benefits Awards


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Winner 2016

Best financial education provider




Professional Pensions
Professional Pension Scheme of the Year Awards


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Winner 2016

Best financial education initiative

Our management team 


Martin Andrew CEO Close Brothers Asset Management

Martin Andrew

Chief Executive Officer

Martin joined Close Brothers in 2005 and has been CEO of the Asset Management division since 2008. Previously he was with Merrill Lynch Investment Managers (MLIM) where he worked in a range of roles in the US and the UK, including strategy, distribution and marketing culminating in leading MLIM’s European private client business. Before MLIM Martin worked for McKinsey & Co in London. He has a First Class degree in Economics from Leicester University and an MBA from Harvard Business School.

Nancy Curtin CIO Close Brothers Asset Management

Nancy Curtin

Chief Investment Officer

Appointed in 2010, Nancy oversees a successful, award winning team of 55 investment professionals with a highly disciplined investment process.

Nancy has over 20 years’ experience including Managing Partner, Fortune, where she ran an alternatives investment business, Schroders where she was Head of Global Investments for its $20bn Global Mutual Fund businesses and Barings where she was Head of Emerging Markets and served in a range of global asset allocation roles.

Nancy holds a bachelor’s degree in political science, summa cum laude, from Princeton University and an MBA from Harvard Business School.

Andy Cumming Head of Advice

Andy Cumming

Head of Advice

Andy has held the position of Head of Advice since July 2014.

Andy joined Close Brothers Asset Management in 2011 when Scott Moncrieff were acquired by Close Brothers and he initially held the position of Head of Advice in Scotland. Andy was Managing Director of Scott Moncrieff for 12 years prior to its acquisition and he has over 30 years’ experience within the financial service industry, incorporating Financial Planning, Investment Advice and Business Development.

Head of Client Services

Penny Lovell

Head of Client Services

Penny was appointed Head of Client Services at Close Brothers Asset Management in 2012 and joined the CBAM board in 2014. As well as ensuring we provide exceptional client service, Penny oversees our family office service, financial education programmes and all sales and marketing activities across the firm.

She has over 20 years of experience working with private clients, family offices, charities, professional intermediaries and financial advisers. Penny began her career began at Friends Provident before joining Coutts. Penny subsequently worked for ten years at Fleming Family and Partners as a Client Director for the Fleming family. Before joining Close Brothers, Penny was a Managing Director and Client Adviser in the Wealth Management business at Rothschild.

Penny holds the FPC and the PCIAM Diploma.

Richard Curry COO

Richard Curry

Chief Operations Officer

Richard is a graduate of Liverpool University. He started his city career as a programmer at Scrimgeour Vickers Asset Management where he eventually rose to Head of IT. Richard subsequently carried out the roles of Head of Administration & IT (Hambros Fund Management) and Chief Operating Officer (Singer & Friedlander Investment Management).

Richard worked for Close Brothers as a consultant in 2006 and then joined at the end of that year as Head of Operations for the then, Close Private Asset Management; becoming Chief Operating Officer for the Close Wealth Management Group in 2007.

Richard was CEO of Close Wealth Management Limited in 2008 and 2009 while that company was integrated into CAM Ltd before returning to an Operations and IT role as COO of the Asset Management Division.

Becton Davis CFO

Becton Davis

Chief Financial Officer

Becton Davis has been the CFO of Close Brothers Asset Management since February 2012. Becton has been with Close Brothers Group since March 2009, originally joining as a Senior Business Analyst in Group Finance, before becoming CBAM’s Head of Financial Planning & Analysis.

Before joining Close, Becton spent six years at Neuberger Berman and Lehman Brothers Asset Management (which acquired Neuberger in 2003) in a variety of finance roles in New York and London, including Financial Controller for Lehman Brothers Asset Management Europe. Prior to this, Becton was with Wachovia Bank for five years.

Becton has degrees in Political Science and Geography from the University of North Carolina at Chapel Hill and an MBA from the University of New Mexico.

Seema Vadera

Seema Vadera

Head of HR

Seema Vadera joined CBAM in August 2014 as Head of HR. Seema has over 20 years of HR experience, mainly within Asset Management.

Before joining Close, she spent 12 years with M&G Investments where she became HR Director of the Retail business in 2007. During her time there she also undertook the role of Head of Organisational Development for the whole of M&G Group.

Seema holds a postgraduate degree in HR from London Metropolitan University and did her undergraduate at Cardiff Business School.

Iain Wallace

Head of Compliance

Iain joined Close Brothers Asset Management in November 2016 as Head of Compliance, taking responsibility for Compliance, Risk, Fund Governance and Legal within the division.

Iain previously worked at Heartwood Wealth Management, part of the Handelsbanken Group, as their Head of Risk and Compliance for over 3 years. Iain joined Heartwood from the financial services group, Share plc, where he spent almost 14 years as their Group Compliance and Legal Services Director. Whilst initially a wealth manager himself, Iain spent a number of years supervising wealth management and stockbroking businesses while at the Securities and Futures Authority and the Financial Services Authority, and worked in compliance within HSBC Investment Bank.

Iain holds a bachelor’s honours degree in Law and a master’s degree in Financial Services Law with distinction. He is also a Chartered Fellow of the Chartered Institute for Securities & Investment, a Fellow of the Institute of Directors and holds a Professional Banker Certificate with the Chartered Banker Institute.

About our advice

We provide an holistic financial advice service to individuals. Our investment process is unbiased, multi-asset, actively managed and diversified across regions and sectors. Because we primarily promote our own investment products, we are classed as providing restricted advice. However, we can also recommend investment offerings from other firms, without bias, based on our disciplined research and analysis process. 

For professional intermediaries and advisers we understand the importance of thorough due diligence on any company that you work with. To help you meet your regulatory obligations to your clients, we will be delighted to provide either detailed answers to your own due diligence questionnaire or a full document of our own, tailored for our relationship with you and the services that are of interest. This includes but is not limited to:

  • Our strength and credit rating
  • Our team, their experience and areas of specialist expertise
  • Our investment philosophy and approach
  • The risk-graded design of our propositions
  • Business continuity processes
  • Legal and compliance processes
  • Our TCF culture

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Corporate social responsibility

Across Close Brothers Group we are involved in and run a number of community and charity initiatives.

Throughout the year employees are involved in charitable activity for our nominated staff charity, Cancer Research UK, as well as a number of other worthy causes. The Close Brothers Matched Giving Scheme encourages staff to fundraise and volunteer by matching 50% of the funds raised, or donating £8 per hour of voluntary time given by employees. 

Since 2013, the Group has also partnered with a primary school local to our London offices, where volunteers from the business spend their lunch breaks reading to children who are struggling or do not have the time to practise at home. A number of our staff take part in this scheme every year.

At Close Brothers Asset Management we run the pioneering Trustee Leadership Programme, in association with Cause 4. Employees and external participants attend a series of evening sessions to learn the skills and gain the confidence to join a charity as a board member. The Programme aims to bring young trustees onto charity boards, enabling the charities to benefit from fresh approaches and increased diversity of opinions.

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Please be aware, the value of investments can fall as well as rise and that past performance is not a reliable indicator of future results and you could get back less than invested. Click here to understand the risks associated with investing. Calls to any number may be recorded for training and monitoring purposes. This site uses Cookies.