Close Brothers Group

Close Brothers Group
Close Brothers Group plc
Type Public (LSECBG)
Industry Banking
Founded 1878
Headquarters London, United Kingdom
Key people Strone Macpherson, Chairman
Preben Prebenson, CEO
Jonathan Howell, Finance Director
Operating income £549 million (2011)[1]
Employees 2,500
Website www.closebrothers.co.uk

Close Brothers Group plc (LSECBG) is a British specialist financial services group based in the City of London. The company makes loans, trades securities and provides advice and investment management solutions to a wide range of clients.

Close Brothers’ Banking division provides specialist lending to small and medium-sized businesses and individuals across a diverse range of asset classes, and also offers deposit taking services.

The Securities division provides trading services to retail brokers and institutions principally through Winterflood, a leading market-maker in the UK.

The Asset Management division provides a full range of advice, investment management and self directed services to private, institutional and corporate clients and professional advisers.

Close Brothers was established in 1878 and today employs over 2,500 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.

History

Close Brothers was founded in 1878 by William Brooks Close who initially provided farm mortgages in Iowa and financed Alaska's first railway the White Pass and Yukon Route.[2]

In the 1980’s the company began a phase of significant expansion through the acquisition of a large number of specialist businesses which included Winterflood Securities[3] in 1993 and Rea Brothers in 1999[4] . The Banking Division meanwhile was built up via a series of smaller acquisitions and start-up businesses.

The company was listed on the London Stock Exchange in 1984 and today ranks among the top 200 listed companies in the UK.

References

External links



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