Close Brothers Asset Management (CBAM) has appointed Matthew Spencer as head of business development and marketing.

The firm says Mr Spencer’s responsibilities will “span the breadth of CBAM’s offering, including private clients, intermediaries, and financial education”.
 
He joined from Deutsche Bank, where he was managing director - head of intermediaries, multi family offices and group referrals.

Before that he worked at Coutts, where he was responsible for the delivery of the firm’s internal and external growth strategy. 

Having also worked at Credit Suisse and Jupiter Fund Management, CBAM says Mr Spencer “brings a wealth of experience in leading high performing teams and developing and implementing long-term strategies for growth”.
 
He is one of several senior hires across CBAM, with the new appointments forming part of a wider strategy to expand in the high net worth private client market.
 
Martin Andrew, chief executive of CBAM, said: “We are looking to hire high calibre people to develop our propositions, enhance our service to clients, and strengthen our ability to attract new clients. 

“I am delighted to welcome Matthew as a great new addition to our team. 

“He has extensive experience and will play a crucial role in shaping the future development of our business.”