Close Brothers has integrated its three private client businesses under the new Close Wealth Management Group brand.

Close Brothers has integrated its three private client businesses under the new Close Wealth Management Group brand. According to a statement, the integration will increase internal collaboration and enhance the range of services and products and the breadth of expertise for clients and their advisors, including a greater choice of jurisdiction to clients in the UK and internationally. The new group will manage over £3.1 billion and administer around £8 billion of clients’ assets. It will encompass 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. Martin Andrew, chief exeuctive of Close Wealth Management Group said: “Our goal is to be recognised as a leading wealth management firm in our chosen markets. We don’t necessarily aspire to be the biggest, but we do want to be one of the best. The changes we are announcing are part of our plan to achieve that goal. 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.” “Close Brothers has a distinctive position as an independent UK merchant bank with a strong name and a heritage going back nearly 130 years.”