Date: 30 July 2008
CLOSE INVESTMENTS APPOINTS DERYCK NOBLE-NESBITT AS MANAGER OF SMALLER COMPANIES PORTFOLIOS
Close Investments is pleased to announce the appointment of the smaller companies team of its associated company Close Private Asset Management Limited headed by Deryck Noble-Nesbitt as investment manager of their smaller companies funds.
Deryck has 7 years experience in managing private client and institutional smaller companies and AIM mandates.
In addition Stephen Wood, a smaller companies specialist at Close Investments is also part of the new Close smaller companies team. Stephen joined Close in 2007 and has been assisting with the management of CITS portfolios and smaller companies investments for this time.
Joining this team in September will be Sam Barton. Sam joins from Unicorn Asset Management where he managed smaller company funds for more than 6 years.
The new smaller companies team will have the depth and breadth of experience to manage Close Investments existing funds and identify new smaller companies and AIM opportunities. They will be responsible for managing around £100million assets under management, including the successful CITS (Close Inheritance Tax Service), the Close Special Situations Fund, Close Beacon Investment Fund and specialist AIM and smaller companies mandates for private clients and institutions.
Roland Kitson, Sales and Marketing Director of Close Investments comments:
"We are delighted that Deryck Noble-Nesbitt is managing our range of funds and portfolios. Deryck is an experienced and expert manager, whose record of success will benefit our clients with smaller companies and AIM portfolios. Close Investments is a market leading manager of inheritance tax investment schemes and this new structure will help us to maintain and further develop this area.
Unfortunately Andrew Buchanan and Kate Tidbury will be leaving Close Investments at the end of July. Both have been offered a new challenge elsewhere and we wish them every success for the future.”
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For further information please contact:
Hannah Parkinson, Assistant Director, Close Investments 020 7426 4170
Polhill Communications 020 7655 0540
Website: www.closeinvestments.com
Notes to editors:
Deryck Noble-Nesbitt joined Close in March 2005. He graduated from Cambridge University in 1994 and is a Chartered Accountant, having spent over six years working at Deloitte & Touche in London and New York. He has been a UK Equity Analyst since joining Govett Investments in February 2001 and is a CFA charterholder.
Sam Barton joins Close in September. He has worked for Unicorn for nearly 6 years, the last 3 of which he has been directly involved in a range of smaller company funds, VCTs and tax mitigation portfolios.
Stephen Wood joined Close in January 2007 with a technical background, having previously studied Electronic and Electrical Engineering at UCL culminating in a Masters of Engineering in 2006 the key focus of which was in optical telecommunications.
Photos available upon request.
Issued by Close Investments Limited which is authorised and regulated by the Financial Services Authority and is a subsidiary of Close Brothers Group plc.
The views expressed herein do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of any company in the Close Brothers Group or any part thereof and no assurances are made as to their accuracy.
Please note that the views and information expressed should not be taken as a recommendation or advice on how any fund is likely to perform. If you wish to obtain financial advice as to whether an investment is, or remains suitable for your needs you should consult a financial adviser.
The returns on the Funds may increase or decrease as a result of currency fluctuations. Past performance is not a reliable indicator of future results. The value of investments and the income from them may fall as well as risk and is not guaranteed. The investor may not get back the original amount invested.
CLOSE INVESTMENTS LIMITED
Close Investments provides a broad spectrum of innovative products for institutional, mutual funds and private investors including property, tax mitigation products, manager of managers, specialist fund management (such as fixed income and the Alternative Investment Market) and structured products. Close Investments Limited manages assets of £3.9bn^. Close Investments Limited, Close Investments (UK) Limited and Close Multi Manager Limited are members of the Close Investments Group and each uses the trading name Close Investments. The other member of the Close Investments Group is Fortune Asset Management Limited. Close Investments Limited is authorised and regulated by the Financial Services Authority.
Close Investments Group products include:
· open & closed ended property funds
· open ended investment companies
· protected unit trusts
· technology tracker funds
· inheritance tax mitigation products
· capital gains tax and income tax mitigation products
· generalist and AIM Venture Capital Trusts
· UK smaller company and AIM investments
· fixed income funds
· structured products
· hedge funds
Close Investments Limited is a subsidiary of Close Brothers Group plc.
Close Brothers Group plc is an independent investment banking group which was founded in the City of London in 1878 and is listed on the London Stock Exchange. The Group employs over 2,500 staff and manages assets of £8.9bn*. Its main activities comprise asset management, corporate finance, market making and banking, including asset financing. The Group has established a strong reputation for independence and integrity. Its growth is largely attributable to an entrepreneurial but conservative approach and it has achieved market leadership in several specialist areas
^As at end January 08 (Source Close Investments)
*As at end January 08 (Source Close Brothers Group plc)