Close Brothers Asset Management (CBAM) has appointed Helen Gerrard and Nick Jackson as managing directors to support the expansion of its investment management for HNW clients in the North West.

Close Brothers executive Adrian Sainsbury is to succeed Preben Prebensen when he checks out as chief executive of Close Brothers in September.

The chief executive of wealth manager and investment provider Close Brothers Group, Preben Prebensen, is to step down as CEO after 10 years to pursue new interests.

New research from Close Brothers has revealed the state of financial wellbeing of the UK’s millennials, with 87% admitting that money worries affect them while they are at work.