Contact us Search. Spotlight On Our Purpose. What we do At Close Brothers we provide financial support and advice to small businesses and individuals in the UK. See what we do. What we do See what we do Lending Our specialist businesses offer a wide range of lending solutions designed to support most types of businesses with their commercial growth ambitions. Our Businesses Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading.
Our Businesses Asset Finance. Home Who we are. A leading UK merchant banking group At Close Brothers, we are here to help the people and businesses of Britain thrive over the long term. Our values We remain committed to our traditional values of service, expertise and relationships alongside teamwork, integrity and prudence, to help the people and business of Britain thrive over the long term.
We focus on our core values which drive strong employee engagement and customer loyalty Across our businesses we have a deep knowledge of the industry sectors and asset classes we serve which allows us to provide firmer lending decisions and faster access to funds when clients need them the most We take a prudent approach to managing our financial resources.
We maintain a prudent maturity profile, with diverse sources of funding, and a conservative capital position throughout the cycle. Each of our businesses is a specialist in its own niche market, driven by a strong customer led proposition and long-term client relationships We apply our lending criteria consistently at all stages in the financial cycle which protects the quality and returns of our lending while providing continuity of service for our clients Our lending is predominantly secured, with conservative loan to value ratios, small loan sizes and short maturities.
Our model Close Brothers has an established reputation as a responsible bank with a distinctive, prudent business model and a long-term approach. Through all market conditions, we remain focused on: Providing straightforward products and services Maintaining a prudent approach and strong financial position Building lasting relationships.
Our leadership. Board of directors. Mike Biggs. Mike Biggs Chairman. Adrian Sainsbury. Adrian Sainsbury Chief Executive. Mike Morgan. Mike Morgan Group Finance Director. Bridget Macaskill. Bridget Macaskill Independent Non-executive Director. Lesley Jones. Lesley Jones Independent Non-executive Director. Oliver Corbett. Oliver Corbett Independent Non-executive Director. Peter Duffy. Peter Duffy Independent Non-executive Director. Sally Williams. She has been involved in numerous acquisitions, integrations and system migrations over the years whilst holding a variety of managerial roles spanning Operations, Servicing and Finance.
She is now the Head of Operations, overseeing teams based in London and Northwich. Helen is a qualified Chartered Accountant and holds a Geography degree from the University of Birmingham.
Iain joined Heartwood from the financial services group, Share plc, where he spent almost 14 years as their Group Compliance and Legal Services Director. Whilst initially a wealth manager himself, Iain spent a number of years supervising wealth management and stockbroking businesses while at the Securities and Futures Authority and the Financial Services Authority, and worked in compliance within HSBC Investment Bank.
His responsibilities span the breadth of our offering, including private clients, intermediaries and financial education. Having also worked at Credit Suisse and Jupiter Fund Management, Matthew has a wealth of experience in leading high performing teams, and developing and implementing long-term strategies for growth. Robert has leadership responsibility for the investment teams providing services and support to our investment professionals, including: all security research, performance, risk and governance as well as investment policy and asset allocation.
He joined Close Brothers Asset Management in and previously established a research team of analysts covering equity, fixed income and macro research. Prior to working in the financial services industry, Robert worked in the coal mining industry as an Energy Analyst. We provide an holistic financial advice service to individuals. Our investment process is unbiased, multi-asset, actively managed and diversified across regions and sectors. Because we primarily promote our own investment products, we are classed as providing restricted advice.
However, we can also recommend investment offerings from other firms, without bias, based on our disciplined research and analysis process. For professional intermediaries and advisers we understand the importance of thorough due diligence on any company that you work with.
To help you meet your regulatory obligations to your clients, we will be delighted to provide either detailed answers to your own due diligence questionnaire or a full document of our own, tailored for our relationship with you and the services that are of interest. This includes but is not limited to:. Be a ScamSmart investor; always exercise caution before investing.
Please be aware, the value of investments can fall as well as rise and that past performance is not a reliable indicator of future returns and you could get back less than invested. Click here to understand the risks associated with investing. If you are accessing our services and products or website from outside the UK, please note that these are intended for UK investors. For more information, please refer to the Legal centre.
Calls to any number may be recorded for training and monitoring purposes. This site uses Cookies. The Retail Finance segment provides loans to predominantly retail customers, through a network of intermediaries.
The Commercial Finance segment segment lends principally to small and medium-sized enterprises, both through its direct sales force and via brokers.
The Property Finance segment specializes in short-term residential development finance, refurbishment, and bridging loans in London, the South East, and selected regional locations. The Securities segment consists of Winterflood, a market-maker for retail stock brokers and institutions. The Asset Management segment provides financial advice and investment management services to private clients.
Stocks: Real-time U. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. All rights reserved. Source: FactSet.
Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Markets Diary: Data on U. Another growing source of income was the company's banking, investment, and lending activity among a select group of private individuals--for the most part from W. Close's circle of aristocratic friends. In , Close Brothers added two new partners, W. Stevens and J. Cushing, and reincorporated as a London-based private company.
The American operations were incorporated subsequently as a subsidiary to the London firm. The private company was reincorporated again after the death of W. Close in By then, the company had shut down its Chicago banking operations and its center of activity began to shift to its London banking operations. The appointment of Arthur Martens as chairman in breathed new life into the bank, which had greatly reduced the scope of its operations in the decade following W.
Close's death. Under Martens, Close Brothers began developing a new area of investment interest--in the mids, Martens led Close in establishing the South Western Gas Corporation, a holding company that went on a buying spree, acquiring some small gas and electric utility companies operating in the United Kingdom's then highly fragmented utility industry.
South Western Gas became the dominant utility company in its southwestern England region and remained in operation until the nationalization of the United Kingdom's utility industries at the end of the Second World War. In the years following the war, the company switched its attention to new investment endeavors.
Among these was the formation of Bramalea Consolidated Developments Ltd. Close Brothers was also behind the financing of a new type of 'floating diamond mine,' designed to mine diamonds from beneath the waters off the African coast in the s. That project proved a flop, however. More successful were its investments in more traditional mining, utility, property, and banking projects. In the s, Close Brothers was behind the listing of Purle Brothers Holdings, which later became known as Redland plc.
Arthur Martens's death in led the company into a new transformation. Martens's successors, including son Fraser Martens, were unable to match the bank's former success, and by the early s Close Brothers was losing money.
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