Close Investments nears re-branding

Stuart Alexander, deputy managing director, says the relaunch is part of identifying a “community” of formally disparate businesses, whose common culture in future will be defined around words such as “specialisation, passion, innovation and entrepreneurial.” As part of the listed Close Brothers group, the investments arm is not intent on cross-selling to what will be distinguished as a separate wealth management business. Problems foreseen with this could include being put in a situation of being more than 30% owner of one of its own investment trusts, which would lead to all sorts o...