The company says the move will help it grow further in the North West where it already has offices in Manchester and Northwich.
The new location is in the centre of Chester at Halladale House in Chester Business Park.
CBAM’s two recently appointed managing directors, Helen Gerrard and Nick Jackson, will be based at the new office, and will be joined by new hire Ed Brown, assistant investment manager.
Ms Gerrard and Mr Jackson have over 50 years of experience in investment management in the North West and further afield.
They will work with CBAM’s Financial Planners, professional intermediaries and other private client advisers in the region.
Martin Andrew, chief executive of Close Brothers Asset Management, said: “As CBAM’s HNW offering continues to go from strength to strength, we’re excited to bolster the proposition in the North West with our new Chester office. The expansion will ensure that our clients in the region continue to receive a high quality service, as well as provide us with another platform from which to grow our business.
“The timely addition of Nick, Helen and Ed ensures that our team has a vast amount of experience and knowledge as we evolve and enhance our services in the region for new and existing clients.”
CBAM has offices across the UK in London, Bristol, Manchester, Gatwick, Newcastle, Midlands, Northwich, Edinburgh and Glasgow. Parent group Close Brothers employs over 3,200 people, mainly in the UK, and is a member of the FTSE 250.