Close Brothers Group is to see the departure of non-executive director Jamie Cayzer-Colvin.

Cayzer-Colvin, a non-executive director of the group since January 2008, intends to resign with effect from 22 November – the date of the firm’s forthcoming annual general meeting. As indicated in its October notice prior to the AGM, Close had originally proposed to re-elect Cayzer-Colvin.

Cayzer-Colvin’s family owns a substantial minority in Caledonia Investments, which includes Close Brothers, Polar Capital and Celerant in its portfolio of companies. Caledonia’s history is linked inextricably with that of the Cayzer family and shipping; the company was incorporated in 1928 as the Foreign Railways Investment Trust, and acquired by the Cayzer family in 1951, to hold its diverse interests, and renamed Caledonia Investments.