Economy
Close Brothers senior management changes |
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| Economy | |
| Written by Roberta Murray | |
| Tuesday, 10 November 2009 | |
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Close Brothers Group (LON:CBG ) have announced new changes to senior management at their Close Brothers Corporate Finance Holdings. The changes are part of Close Brothers' strategy to position itself for further pan-European growth over the next five years. Stephen Aulsebrook, currently Chief Executive Officer (CEO) of the Close Brothers Corporate Finance European business and CEO of the UK business, will now exclusively be CEO of the European business. This is with the aim of driving the next stage of Close Brothers Corporate Finance’s European growth, supported by the continued investment of Daiwa Securities. It will also provide him with more focus to further increase the penetration of its leading European restructuring practice. Richard Madden, Managing Director and head of the media sector team has been appointed Chief Executive of the UK business. Richard joined Close Brothers Corporate Finance in 2005, from Bear Stearns where he was a Senior Managing Director and Head of its European Media Practice. He has more than twenty years corporate finance experience spanning the UK, the United States and Continental Europe. Prior to Bear Stearns, he was a Managing Director with ING Barings Limited. A UK-specific CEO brings the UK business into line with the CBCF businesses in France, Germany, Spain, Switzerland and Poland, all of which have country-specific CEOs. Commenting on Richard’s appointment and on the management changes, Stephen Aulsebrook, said: “We are delighted to appoint Richard CEO of the UK business. He has been a driving force in the business for a number of years. His appointment is another step in the development of the management structure of the European business. It will not only further cement our market-leading positions in our specialist advisory disciplines but also allow me to focus on the collective growth of our European operations.” Richard Madden commented: “I am very excited to be appointed Chief Executive of the UK business. We have a great team, a strong shareholder and a reputation for getting difficult deals done. This is a winning combination in today’s markets.” |
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