Close Brothers Asset Management is set to be renamed in the wake of its sale to Oaktree.
The Close Brothers Group confirmed that the sale has now been completed today (March 3) and said it will enable CBAM to “accelerate its future ambitions at pace”.
The business will continue to trade as CBAM for a short period, but a new name is expected to be announced.
Its current executive committee, led by CEO Eddy Reynolds will continue to lead the business.
Reynolds said: “Today marks the start of an exciting new period for CBAM as a standalone business. I would like to thank all my colleagues for helping us get to this point, and Close Brothers Group for its continued support over the years.
