Close Brothers is continuing to align its investment management businesses by bringing Close Fund Management under the Close Investments brand.
Close Investments, headed by chief executive Rufus Warner, is appointing Roland Kitson and Godwin Tsui to the board in the roles of sales and marketing director and investment director, structured products.
Kitson was one of the founding members of CFM in 1995 and has been responsible for a number of group’s product launches, including the £45m Close enhanced commodities fund. He replaces Stuart Alexander who leaves the firm after 20 months.
Tsui has been with the company since 1999 and was director for the derivative and quantitative fund management at the firm.
Warner says: “We are delighted to welcome Close Fund Management. They now form an integral part of our business and, with Roland and Tsui joining the board, I see this as a new chapter.”
Kitson says: “I am pleased to be taking on the role of sales and marketing director for Close Investments and look forward to using my experience to tackle a bigger challenge within a new and exciting investment company.
“I will oversee and be responsible for all three key divisions within the Close Investments umbrella – multi-manager, property and specialist/structured products. I will continue to be responsible for the development of the innovative and market leading products and services offered since 1995 by Close Fund Management.”