Chief Executive Officer
Martin joined Close Brothers in 2005 and has been CEO of the Asset Management division since 2008. Previously he was with Merrill Lynch Investment Managers (MLIM) where he worked in a range of roles in the US and the UK, including strategy, distribution and marketing culminating in leading MLIM’s European private client business. Before MLIM Martin worked for McKinsey & Co in London. He has a First Class degree in Economics from Leicester University and an MBA from Harvard Business School.
Chief Investment Officer
Appointed in 2010, Nancy oversees a successful, award winning team of 55 investment professionals with a highly disciplined investment process.
Nancy has over 20 years’ experience including Managing Partner, Fortune, where she ran an alternatives investment business, Schroders where she was Head of Global Investments for its $20bn Global Mutual Fund businesses and Barings where she was Head of Emerging Markets and served in a range of global asset allocation roles.
Nancy holds a bachelor’s degree in political science, summa cum laude, from Princeton University and an MBA from Harvard Business School.
Head of Advice
Andy has held the position of Head of Advice since July 2014.
Andy joined Close Brothers Asset Management in 2011 when Scott Moncrieff were acquired by Close Brothers and he initially held the position of Head of Advice in Scotland. Andy was Managing Director of Scott Moncrieff for 12 years prior to its acquisition and he has over 30 years’ experience within the financial service industry, incorporating Financial Planning, Investment Advice and Business Development.
Head of Client Services
Penny was appointed Head of Client Services at Close Brothers Asset Management in 2012 and joined the CBAM board in 2014. As well as ensuring we provide exceptional client service, Penny oversees our family office service, financial education programmes and all sales and marketing activities across the firm.
She has over 20 years of experience working with private clients, family offices, charities, professional intermediaries and financial advisers. Penny began her career began at Friends Provident before joining Coutts. Penny subsequently worked for ten years at Fleming Family and Partners as a Client Director for the Fleming family. Before joining Close Brothers, Penny was a Managing Director and Client Adviser in the Wealth Management business at Rothschild.
Penny holds the FPC and the PCIAM Diploma.
Chief Operations Officer
Richard is a graduate of Liverpool University. He started his city career as a programmer at Scrimgeour Vickers Asset Management where he eventually rose to Head of IT. Richard subsequently carried out the roles of Head of Administration & IT (Hambros Fund Management) and Chief Operating Officer (Singer & Friedlander Investment Management).
Richard worked for Close Brothers as a consultant in 2006 and then joined at the end of that year as Head of Operations for the then, Close Private Asset Management; becoming Chief Operating Officer for the Close Wealth Management Group in 2007.
Richard was CEO of Close Wealth Management Limited in 2008 and 2009 while that company was integrated into CAM Ltd before returning to an Operations and IT role as COO of the Asset Management Division.
Chief Financial Officer
Becton Davis has been the CFO of Close Brothers Asset Management since February 2012. Becton has been with Close Brothers Group since March 2009, originally joining as a Senior Business Analyst in Group Finance, before becoming CBAM’s Head of Financial Planning & Analysis.
Before joining Close, Becton spent six years at Neuberger Berman and Lehman Brothers Asset Management (which acquired Neuberger in 2003) in a variety of finance roles in New York and London, including Financial Controller for Lehman Brothers Asset Management Europe. Prior to this, Becton was with Wachovia Bank for five years.
Becton has degrees in Political Science and Geography from the University of North Carolina at Chapel Hill and an MBA from the University of New Mexico.
Head of HR
Seema Vadera joined CBAM in August 2014 as Head of HR. Seema has over 20 years of HR experience, mainly within Asset Management.
Before joining Close, she spent 12 years with M&G Investments where she became HR Director of the Retail business in 2007. During her time there she also undertook the role of Head of Organisational Development for the whole of M&G Group.
Seema holds a postgraduate degree in HR from London Metropolitan University and did her undergraduate at Cardiff Business School.
Head of Compliance
Iain joined Close Brothers Asset Management in November 2016 as Head of Compliance, taking responsibility for Compliance, Risk, Fund Governance and Legal within the division.
Iain previously worked at Heartwood Wealth Management, part of the Handelsbanken Group, as their Head of Risk and Compliance for over 3 years. Iain joined Heartwood from the financial services group, Share plc, where he spent almost 14 years as their Group Compliance and Legal Services Director. Whilst initially a wealth manager himself, Iain spent a number of years supervising wealth management and stockbroking businesses while at the Securities and Futures Authority and the Financial Services Authority, and worked in compliance within HSBC Investment Bank.
Iain holds a bachelor’s honours degree in Law and a master’s degree in Financial Services Law with distinction. He is also a Chartered Fellow of the Chartered Institute for Securities & Investment, a Fellow of the Institute of Directors and holds a Professional Banker Certificate with the Chartered Banker Institute.