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Close Brothers to sell asset management arm as motor finance bill looms
Close Brothers has struck a deal to sell its wealth management division for up to £200m amid efforts to strengthen its capital position to cover costs from a City watchdog review into unfair car ...
FTAdviser1mon
Close Brothers AM boss says PE deal will 'accelerate' growth
This morning Close Brothers announced it was selling its wealth management arm - Close Brothers Asset Management - to private equity firm Oaktree. We had a chat earlier today with the chief ...
Yahoo Finance1mon
Close Brothers AM prepares to shift into its own wealth business
Close Brothers has announced the sale of its asset management business (CBAM) to Oaktree. The deal is anticipated to close in the first quarter of 2025, pending regulatory approval. Oaktree is a ...
Close Brothers divests asset management division to Oaktree in strategic £200m deal
The FTSE 250 merchant bank announced that the sale of Close Brothers Asset Management (CBAM) to funds managed by Oaktree ...
Asset Servicing Times13y
Close Brothers to sell Channel Islands business
The private banking, fund management and fund administration businesses of Close Brothers in Jersey and Guernsey are to be sold. The business, valued at £30-35 million, will be sold by Deloitte. The ...
Close Brothers Shares Drop on Uncertainty Stemming From Court Judgment
Shares in Close Brothers slumped after the merchant bank said a court judgment related to a motor finance lawsuit could set a precedent for similar claims, potentially resulting in a significant ...
Car Dealer Magazine2d
Close Brothers stops underwriting new dealer finance after landmark court ruling
Close Brothers has stopped underwriting new dealer finance, as its share price tumbles, following a landmark court ruling which could have major ...
Yahoo Finance24d
Close Brothers consolidates broker offerings
The new division consolidates the services previously provided by Close Brothers Business Finance, Specialist Finance, Braemar Finance’s Broker team, and Corporate Asset Solutions. This unified ...
Business Insider7d
Income Asset Management’s $18M Equity Raising Plan
Income Asset Management Group Limited (AU:IAM) has released an update. Income Asset Management Group Limited is set to raise approximately $18 million through a fully underwritten 1.51 for 1 ...
Business Insider7d
Income Asset Management Group to Hold Key AGM
Income Asset Management Group Limited (AU:IAM) has released an update. Income Asset Management Group Limited has announced its Annual General Meeting set for November 25, 2024, where shareholders ...
Forbes10d
8 Best IT Asset Management Software (2024)
Commissions do not affect our editors' opinions or evaluations. A well-designed information technology asset management (ITAM) program manages all useful and valuable assets in your organization ...