CEO of Close Brothers asset management arm to step down November 18, 2021 Martin Andrew, the CEO of Close Brothers’ asset management arm, today announced he will step down from his role after thirteen years at the helm, to “pursue the next stage of his career.” Commenting on his departure, Andrew said: “It has been a privilege to lead CBAM and serve our clients over many years and [...]
Close Brothers cautious on outlook despite 2021 profit surge May 21, 2021 Close Brothers today said the market maker business had made more operating profit this year than over the whole of fiscal 2020. The British lender’s profits were bolstered by a surge in trading activity, with average daily bargains rising 46 per cent to 120k in the quarter ended 30 April. Close Brothers’ loan book rose [...]
Close Brothers launches two new sustainable funds as demand grows November 3, 2020 Close Brothers Asset Management has launched two new sustainable funds amid growing demand from investors and clients. The asset manager has today launched the Close Sustainable Balanced Portfolio Fund and the Close Sustainable Bond Portfolio Fund, which will be actively managed. Close Brothers said the funds will look to generate “consistent long-term returns by screening [...]
H&M takes a $20m stake in fintech startup Klarna October 8, 2018 Swedish fintech startup Klarna has today announced a global partnership with fashion powerhouse H&M, which included a $20m (£15.3m) investment in the business. The deal will see Klarna integrate its digital payments technology into H&M's physical and online stores via its payment programme H&M Club1. Klarna allows shoppers to pay securely for products online with flexible payment options [...]
Close Brothers property success outweighs weak markets income November 20, 2014 FINANCE house Close Brothers reported strong property finance incomes in the first quarter of its financial year, benefiting from the UK’s economic recovery. Its asset finance arm also performed well, taking the loan book across the two units up 2.3 per cent to £5.4bn. Its asset management arm held steady in the three months to 31 [...]
Veteran UK lender Close Brothers surges ahead on share activity September 23, 2014 A SURGE in specialist lending and stock market activity yesterday saw British financial services company Close Brothers announce an increase in operating profits by 20 per cent in the past year to £201m. Close Brothers, founded in 1878, said full-year profit rose 25 per cent after it increased lending and rising stock markets boosted its [...]