Closing on Nov. 3: Investor Calendar + Company Spotlight

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Close Brothers Group Plc

Close Brothers Group Plc

Sector: Security Brokers Dealers And Flotation Companies Region: United Kingdom

: | London Stock Exchange: CBG

Close Brothers is a leading merchant banking group, providing lending, deposit taking, wealth management services, and securities trading. We employ 2,800 people, principally in the UK, and are one of the largest 250 companies listed on the London Stock Exchange. Our strategy focuses on the relationships, services and expertise through which we aim to build leadership in our specialist markets. We describe this approach to business as Modern Merchant Banking, reflecting how the same principles on which we established our business in 1878 continue to be relevant today.
In lending, we concentrate on meeting clients’ specialist financing needs across the business lifecycle by developing our expertise in our specialist markets, which drives the opportunities to add value for our clients.
Our deposits business supports our lending and offers competitive rates to reward individual savers and business customers.
In asset management, we believe that everyone should think ahead, have a financial plan and invest wisely. Our business looks to achieve that by offering a full range of investment and wealth management solutions from our self directed platform to our bespoke portfolio service for high net worth individuals.
In securities, we continue to adapt and diversify our products and market-making services for retail brokers, asset managers and institutional clients.


Strone Macpherson, Chairman
Strone was appointed a director in March 2003, senior independent director in 2004, deputy chairman in 2006 and chairman in June 2008. He is chairman of the Nomination and Governance Committee. Strone is also chairman of British Empire Securities and General Trust plc, a governor of Heriot-Watt University and a trustee of the King’s Fund. Formerly he was a director of Flemings, chairman of Tribal Group plc and of JP Morgan Smaller Companies Investment Trust plc, executive deputy chairman of Misys plc and a non-executive director of AXA UK plc and of Kleinwort Benson Private Bank Limited.
Preben Prebensen, Chief Executive
Preben was appointed to the board as chief executive in April 2009 when he joined Close Brothers. Preben previously spent his career in a number of senior positions at JP Morgan over 23 years, as well as being chief executive of Wellington Underwriting plc from 2004 to 2006, and then chief investment officer and a member of the group executive committee at Catlin Group Limited.
Elizabeth Lee, Group Head of Legal and Regulatory Affairs
Elizabeth was appointed a director in August 2012 with responsibility for legal and regulatory affairs. Elizabeth joined Close Brothers as general counsel in September 2009 and was also company secretary until January 2013. Formerly she was with Lehman Brothers and General Electric’s financial services businesses.
Stephen Hodges, Managing Director and Banking Chief Executive
Stephen was appointed a director in August 1995 with responsibility for the Banking division and became managing director in November 2002. Stephen spent eight years at Hambros before joining the Banking division of Close Brothers in 1985.
Jonathan Howell, Finance Director
Jonathan was appointed to the board as finance director in February 2008 when he joined Close Brothers. Jonathan was previously finance director of London Stock Exchange Group plc from 1999. Prior to that he was at Price Waterhouse where he qualified as a chartered accountant. In May 2013, he was appointed a non-executive director of The Sage Group plc.
Bridget Macaskill, Independent Non-Executive Director
Bridget Macaskill, who is based in New York City, has extensive investment management experience, most recently at First Eagle Investment Management LLC an independent, privately owned asset management firm with $85 billion in long only and hedge fund assets where she is President and Chief Executive Officer.  She is also a trustee of the TIAA-CREF funds and was previously a non-executive director of the Federal National Mortgage Association, Fannie Mae.

Within the UK, Bridget was a non-executive director of Prudential plc from 1999 to 2001 and from 2003 to 2011.  Prior to 2008, she was a non-executive director of Scottish & Newcastle plc, J Sainsbury plc and Hillsdown Holdings plc. 

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