Close Brothers was founded in 1878 by 25-year-old William Brooks Close, alongside his two brothers. Now well into its second century, Close Brothers is a leading UK merchant bank offering a portfolio of services including wealth management, securities and lending. Close Brothers Premium Finance was the first premium finance service to be offered in the UK, beginning in 1977.
Close Brothers is a FTSE250 company that employs more than 3,000 people. It is listed on the London Stock Exchange, making its first appearance there in 1984.
Close Brothers Products and Services
Close Brothers services are offered across five distinct strands:
Specialist Close Brothers customer finance teams work with retailers, insurance companies and motor dealers; offering flexible, adaptable finance options and advice for motor finance, insurance and retail finance.
Close Brothers offers deposit services to businesses and individuals across the UK. The bank is historically very financially stable – it has gone three decades without reducing its dividend – and is, therefore, able to offer competitive pricing.
High net worth individuals, families and companies looking for wealth management options can get a complete financial planning and investment service that covers retirement, succession and maintaining wealth into the future.
Close Brothers lending teams are specialists in their fields and understand that their different sectors require different decisions. Lending specialist teams include:
Commercial vehicle hire
Professional services finance
Winterflood Securities, acquired by Close Brothers in 1993, handles the securities element of the business and provides access to these services to clients including institutions, asset managers and retail securities brokers. Winterflood trades in more UK stocks than any other comparable UK-based company.
Security at Close Brothers
Close Brothers is committed to keeping customer data safe and extensive information on how this is achieved, plus their data usage and privacy policies can be found at the official website.
Close Brothers Bank Contact Details
Close Brothers Group plc
10 Crown Place