Close Brothers’ assets under management (AuM) saw a rise of 9% for the year to date to 30 April 2015, as its asset management arm benefited from solid net inflows and positive market movements.
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In its interim management statement for the third financial quarter between 1 February and 30 April, the group said that it registered a 4% rise in its AuM for the quarter.
The firm’s banking unit loan books rose 2.7% in the quarter and 6.1% year to date to £5.6bn.
The rise in loan book showcased continued good demand in property and asset finance, as well as a seasonal improvement in motor finance.
The firm’s securities arm, Winterflood, saw improved market conditions in the quarter, especially in AIM, and increased investor risk appetite.
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