Close Brothers Asset Management becomes TrinityBridge

Close Brothers Asset Management has become TrinityBridge after being sold off from its parent company.

The new name was created to reflect its sale to Oaktree Capital Management, which creates a standalone, independently run wealth management firm.

It aims to embody the idea of strong connections and longevity, reflecting the relationships between clients, investment managers and professional advisors.

Eddy Reynolds, CEO of TrinityBridge, said: “We’re extremely pleased to unveil our new name, TrinityBridge, and I am hugely excited for our future as a standalone business.

“I would like to thank my colleagues who have worked tirelessly on creating our new name and narrative, one that I believes reflects our business and our philosophy.

“Today is important in marking a new chapter in our company’s history. We have grown significantly in recent years, both organically and through considered acquisitions, and welcomed a number of incredibly high calibre wealth management professionals looking for a new home for them and their clients. We will now accelerate our programme of investment, build our capabilities, and continue to grow.

“I look forward to ongoing success as TrinityBridge, continuing to help safeguard and build our clients’ wealth.”

The move separates the wealth management division from Close Brothers, a UK merchant banking group which provides lending, takes deposits, manages wealth and trades in securities.

Oaktree Capital Management is a US-headquartered asset management firm with $205 billion in assets under management, specialising in alternative investments.