The asset management division of Close Brothers, comprising both advised and managed solutions for clients, turned a profit in the six months to February thanks partly to a 6% increase in overall assets under management.
British fashion designer Stella McCartney is in talks with three finance professionals about designing their long johns for the City Endeavour North Pole charity trek.
Close Brothers has reported a 2% rise in full-year pre-tax profits and expects its asset management division to return to profitability next year as it completes a restructuring.
Moody's has downgraded the credit rating of financial services group Close Brothers, pointing to the rapid growth of its loan book and its exposure to the flagging UK economy.
The asset management division of financial services group Close Brothers made a loss in the six months to 31 January, as it finalises a restructure which has seen it launch an advised service and includes plans for a direct-to-consumer proposition.
Close Brothers AM is launching a discretionary fund management service that will be managed by top-performing UK equity manager Deryck Noble-Nesbitt.
Frank Potaczek of Close Brothers Asset Management looks at how passive investing has evolved and asks whether active index tracking is the future.
Financial services group Close Brothers has revealed its asset management division recorded a moderate loss and suffered a drop in assets in the second half of 2011 as the difficult market conditions hit investor sentiment.
Private bank Kleinwort Benson has completed its £26.4m acquisition of Close Brothers' offshore arm