Close Brothers Asset Management (CBAM) has expanded to West End with the opening of a new office in Mayfair (London) and has appointed Philip Young and Lucy Katzarova to support the expansion of its investment management service for high net worth (HNW) clients.
Philip Young, who joins the team as managing director, is a specialist in managing charity mandates and according to CBAM, his appointment further enhances the firm's investment proposition for charities. Young has more than 30 years' experience in managing portfolios for charities and private clients. He joins from Brewin Dolphin, where he worked as charity investment director from 2011. Prior to his role at Brewin Dolphin, he managed investments at UBS, HSBC and Deutsche Asset Management.
Lucy Katzarova joins as investment manager, to be responsible for supporting the proposition for charities, and private clients. She previously worked as an assistant director at Brewin Dolphin, and spent three years at UBS Wealth Management.
Both Young and Katzarova will be based out of a new office in 55 Grosvenor Street (Mayfair, London), which allows for further growth following a stream of senior hires in the last year as part of CBAM's strategy to expand and develop its investment management service for high net worth clients, CBAM said in a note.
Martin Andrew, chief executive of CBAM, said: "We are firmly committed to growing our services for high net worth clients and these appointments are an important step along this path. Philip and Lucy bring extensive experience managing charity mandates and handling a range of private client needs, which will enhance the proposition we are able to offer our clients.
"We are pleased with the growth and new hires that we have made in London and Edinburgh and we are delighted to open our new office in Mayfair which will be well received by clients and our own employees."