Close Brothers Asset Management (CBAM) has appointed Philip Young and Lucy Katzarova to support the expansion of its investment management service for high net worth clients.  The expansion of this proposition has also led CBAM to open a new larger office this month in Mayfair. 

Philip Young joins the team as Managing Director; a specialist in managing charity mandates, his appointment further enhances CBAM’s investment proposition for charities. Philip has more than thirty years of experience in managing portfolios for charities and private clients.  He joins from Brewin Dolphin, where he worked as charity investment director from 2011. Prior to his role at Brewin Dolphin, Philip managed investments at UBS, HSBC and Deutsche Asset Management. He is a Fellow of the Chartered Institute for Securities & Investment.

Lucy Katzarova joins as Investment Manager, supporting the proposition for charities, and private clients. Lucy has a Diploma in Wealth Management from the Chartered Institute for Securities & Investment. She previously worked as an assistant director at Brewin Dolphin, and spent three years at UBS Wealth Management.

Both Philip and Lucy will be based out of a new office in 55 Grosvenor Street which allows for further growth following a stream of senior hires in the last year as part of CBAM’s strategy to expand and develop its investment management service for high net worth clients. 

Martin Andrew, Chief Executive of Close Brothers Asset Management, said: “We are firmly committed to growing our services for high net worth clients and these appointments are an important step along this path. Philip and Lucy bring extensive experience managing charity mandates and handling a range of private client needs, which will enhance the proposition we are able to offer our clients.  

“We are pleased with the growth and new hires that we have made in London and Edinburgh and we are delighted to open our new office in Mayfair which will be well received by clients and our own employees.”