Close Brothers hires new Scottish managing director

Close Brothers Asset Management has appointed Marcelo Rodrigues as its new managing director for Scotland.

Joining from Schroders Personal Wealth in Scotland and Northern Ireland – where he was responsible for business development and partnerships – Rodrigues has more than 16 years of industry experience.

He has also held senior management positions at NatWest and Lloyds Banking Group, responsible for providing financial advice to high net-worth individuals.

“The firm continues to invest heavily in its products and services, and the growth experienced in the past few years is a testament that its strategy of relentless focus on clients’ needs is paying off,“ said Rodrigues.

“Moving forward, our immediate priority is to continue to grow the business organically, whilst maintaining the high levels of service that our clients deserve and have grown used to.”

Daniel Swift, head of financial planning at Close Brothers Asset Management, added: “Marcelo has a successful career across the advice industry and has built up a wide pool of contacts and clients.

“We are confident CBAM will benefit from his experience and expertise and very much look forward to him joining the team.”

Close Brothers is a UK merchant banking group, providing lending, deposit taking, wealth management services and securities trading. It employs more than 3,700 people, principally in the UK.

Close Brothers Asset Management provides advice, investment management and self-directed services to private clients and professional advisers.

The business operates out of offices in London, Bristol, Chester, Manchester, Gatwick, Newcastle, Midlands, Farnham, Northwich, Edinburgh and Glasgow.