Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Close Brothers AUM nears £10 billion

Close Brothers AUM nears £10 billion

Assets under management (AUM) at Close Brothers are approaching the £10 billion mark following positive inflows late last year.

During the five months to 31 December 2013, total AUM at the firm increased by 4% to £9.5 billion due to both positive market movements and net inflows.

Close Brothers confirmed that the revenue margin within its asset management division, headed by Martin Andrew (pictured), had ‘remained broadly stable’.

In the group’s broking arm, Winterflood, Close Brothers reported higher income for the period, with a particular contribution from AIM trading.

Close Brothers disclosed too that its banking division had expanded its loan book through the five months by 4% to £4.8 billion, while improving its bad debt ratio and maintaining its net interest margin.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter