Close Brothers is to integrate its three private client businesses under the new Close Wealth Management Group brand.
The group will ecompass Close Private Asset Management headquartered in London, Close Wealth Management in Cheshire and Close Private Bank in the Channel Islands, Isle of Man and South Africa. Between them, the groups manage over £3.1bn and administering around £8bn of assets.
The integration is aimed at improving internal collaboration and enhancing the range of services, products and breadth of expertise for clients and their advisers. This will include a greater choice of jurisdiction to clients in the UK and internationally.
Martin Andrew, CEO of Close Wealth Management Group, says: “Working better across businesses and aligning them under a single brand is one of the first steps in an ongoing process. Historically we have had a relatively low profile in the market.
“We plan to raise that profile and also make it easier for the outside world to understand our true scale and range of capabilities.”
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