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Close Brothers Asset Management creates new Director of Family Business role

By CreditMan Tuesday, February 10, 2015

As part of its expansion of its initiative to support family businesses, Close Brothers Asset Management (CBAM) has appointed James Mallinson as its first Director of Family Business.

Mallinson has extensive experience of working with and for family-owned businesses, supporting both the family and their employees through investment and financial planning solutions. His role has been created as CBAM prepares for the next stage of its Family Business Club - an initiative launched in January last year– in the form of the Family Business Road Trip 2015.

Previously a Financial Planner at CBAM following three years as an Independent Financial Adviser at In Partnership and two years as Associate Partner at St James’s Place, Mallinson has 10 years’ experience in all aspects of financial planning, including pensions, insurance, mortgages and wealth management.

Mallinson said: “Over my years working with family businesses I have seen first-hand how, with the right support and planning, they can be a key driver of local economic growth which, in turn, spreads and thrives beyond the regions. I am excited about the next stage of CBAM’s work with the sector, and proud to be able to work alongside family businesses at every stage.”

Penny Lovell, head of private client services, Close Brothers Asset Management, added: “We are thrilled to have James come on board and his years of background and expertise mean he will be a huge support to CBAM as we grow our work with the sector. This new role will ensure we continue to equip family businesses with the sound financial planning advice they need to overcome the challenges they must address, such as managing growth and legacy.”

Across the UK, family businesses now employ over nine million people and achieved a turnover of £49.2bn from the top twenty firms alone in 2014. The Close Brothers Family Business Club provides support and networking opportunities for family businesses with a programme of tailored regional seminars, conferences and networking events. As part of this, CBAM’s Family Business Road Trip 2015, which will run from April to May this year, will travel across the UK to engage with local firms, raise the profile of the sector and celebrate this contribution to the UK economy.