Close Brothers Group (OTCMKTS:CBGPY) is a UK-based merchant banking group with a history dating back to 1878. Headquartered in London, the company provides a range of specialist financial services designed to support small and medium-sized enterprises (SMEs), individuals, and professional clients. Over its long history, Close Brothers has evolved from a traditional lending business into a diversified financial services provider, maintaining a focus on disciplined underwriting and strong customer relationships.
The group operates through four core divisions: Lending, Deposit Taking, Wealth Management, and Securities. Its Lending arm offers asset and invoice finance, property financing, and motor finance solutions tailored to SMEs. Deposit Taking provides retail clients with access to savings accounts and fixed-term deposits. Through its Wealth Management division, Close Brothers offers financial planning, investment management, and pension advice to private clients and intermediaries. The Securities business provides market-making, trading, and securities financing services to institutional clients.
While Close Brothers has a predominantly UK-focused footprint, it extends services into Ireland and maintains representative offices in select international financial centres. The group leverages local market expertise to deliver flexible, customer-centric solutions. Close Brothers’ approach involves combining hands-on advisory services with robust risk management frameworks, ensuring clients benefit from both specialist industry knowledge and financial discipline.
Leadership at Close Brothers Group is headed by Chief Executive Officer Philip Monaghan, who brings extensive experience in financial services. Supported by a board of directors with diverse backgrounds in banking, risk management, and corporate governance, the executive team continues to steer the group through evolving market conditions. By balancing heritage with innovation, Close Brothers remains committed to supporting economic growth and providing tailored financial solutions to its clients.
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