Close Brothers appoints Eddy Reynolds as asset management CEO

Close Brothers said on Wednesday that it has appointed Eddy Reynolds as the new chief executive of its asset management arm, succeeding Martin Andrew.

Reynolds has over 30 years' experience in the fund and wealth management industries. He held a number of executive positions at Standard Life Aberdeen, most recently as managing director of Standard Life Savings.

Earlier in his career he was head of investment at Lloyds Private Bank, and previously held a number of senior roles at Aegon Asset Management and Scottish Widows Investment Partnership.

Reynolds will take up the new position with effect from 7 March.

Chief executive Adrian Sainsbury said "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," Sainsbury added.