Close Brothers Group has confirmed that the CEO of its asset management business will be stepping down in the spring of 2022.
Martin Andrew has been with the firm for 16 years, having spent the past 13 in the role of chief executive. The group said the search for a replacement is "well underway and an announcement will be made in due course". Adrian Sainsbury, group chief executive at Close Brothers, said: "We take a long-term view of our businesses and Martin and I have been discussing succession planning in CBAM for some time." The news comes as Close Brothers Asset Management reported an 8% rise in net inflows for the first quarter of its 2022 financial year, which spans August 1, 2021 to October 3...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
