Martin Andrew steps down as Close Brothers Asset Management CEO
Despite a confident group trading update showing total client assets grew to £17.4bn, Close Brothers Asset Management's Martin Andrew yesterday announced his intention to depart as CEO to pursue his career elsewhere
November 19. 2021 -- Close Brothers Asset Management (CBAM) on Thursday announced that Martin Andrew has decided to step down from his role as Chief Executive to pursue the next stage of his career. Mr. Andrew has been with CBAM for sixteen years, the last thirteen of which as Chief Executive Officer.
Adrian Sainsbury, Chief Executive of Close Brothers said:
"We take a long term view of our businesses and Martin and I have been discussing succession planning in CBAM for some time. I would like to thank him for giving us time to ensure we could plan for a smooth transition. Martin has made an enormous contribution to the group during his time here, and I have very much enjoyed working with him. We will miss his strategic thinking and his ideas. Martin has built a high quality business with an excellent team at CBAM and he will leave a significant and lasting legacy behind him."
Martin Andrew, Chief Executive of Close Brothers Asset Management, said:
"It has been a privilege to lead CBAM and serve our clients over many years and I am proud of what the team has accomplished. I will leave with a strong fondness towards Close Brothers and I am committed to a smooth handover to my successor in due course."