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Close Brothers brings fund management arm under umbrella

Close Brothers has continued to align its investment management business by bringing Close Fund Management (CFM) into the Close Investment brand under the management of chief executive Rufus Warner.

Close Investments has also invited Roland Kitson and Godwin Tsui to the Board in the roles of sales and marketing director and investment director, structured products, respectively.

Kitson was one of the founding members of CFM back 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 quantative fund management at the firm.

Close Investment chief executive Rufus 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 I 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 of the key divisions within the Close Investments umbrella; multi-manager, property and specialist/structured products. As such, 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.”


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Base rate to stay at 5.5 per cent this month

The Bank of England has decided to hold the base rate at 5.50 per cent this month, it has been announced.Hamptons technical director Jonathan Cornell says: “The MPC’s decision to hold the base rate at 5.5 per cent this month is unsurprising given last months decision to raise it by a quarter point.”Cornell adds: “Reports […]

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