Close Brothers Asset Management has appointed Eddy Reynolds as chief executive.
Reynolds will replace Martin Andrew, who announced in November he would step down from the role to pursue the next stage of his career.
Reynolds was most recently managing director of Standard Life Savings. He has also served as head of investment at Lloyds Private Bank, and has worked at Aegon Asset Management and Scottish Widows Investment Partnership.
He will take up the new role on March 7.
Adrian Sainsbury, chief executive of Close Brothers, said: “I am delighted to announce the appointment of Eddy Reynolds as the next chief executive of CBAM.
“He brings outstanding experience and knowledge and will lead a talented team through the next stage of CBAM’s development.
“On behalf of the executive committee and the board, I would like to thank Martin for his significant contribution to the group during his 16 years at CBAM and wish him the very best for the future.”
Reynolds added: "I look forward to joining the group and playing my part in the continuing development of a distinctive wealth management business like CBAM, building on the impressive position established over the past years.”
Last year, Close Brothers AM acquired Surrey-based IFA PMN Financial Management as part of its growth strategy.
The previous year, it appointed Rathbones' Tim West as managing director to strengthen its high net worth client proposition and to help grow the company through further expansion.
sally.hickey@ft.com
