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' loan book growth outstrips AUM rise

Close Brothers saw assets under management rise by 4% to £9.7 billion, while its loan book surged by 8% to £5.2 billion in the five months to the end of June.

In a brief stock market announcement, the group said loan demand is particularly strong for property and motor finance and that 'a slight decline in the net interest margin in the period [was] offset by continued strong credit performance'.

Year to date, assets under management are up 7% and its loan book by 12%.

The group that positive trading conditions had been to beneficial to Winterflood, its securities arm, but did not provide any figures.

'Overall the group's outlook is unchanged and we expect to report another strong performance for the full year,' the group told the stock market.

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 Video special: what Scottish DFMs think of SNP election flop

Video special: what Scottish DFMs think of SNP election flop

As delegates gathered for Citywire Scotland, we asked them their take on the election.

Play Keith Skeoch: 'passive has a part to play'

Keith Skeoch: 'passive has a part to play'

In the third part our series, Skeoch outlines his vision for Standard Aberdeen.

2 Comments Play Keith Skeoch: why I believe markets will make 'substantial returns'

Keith Skeoch: why I believe markets will make 'substantial returns'

In an exclusive interview, Standard Life CEO Keith Skeoch tells us why he takes an optimistic view on markets just about everywhere.

Read More
Your Business: Cover Star Club

Profile: Rathbones' fund boss on spotting emerging talent

1 Comment Profile: Rathbones' fund boss on spotting emerging talent

A great fund manager is really easy to spot, says Mike Webb, chief executive of Rathbones Unit Trust Management

Wealth Manager on Twitter