Close Brothers Asset Management has been renamed to TrinityBridge following the completion of its sale by Close Brothers Group.

The business was acquired by funds managed by Oaktree Capital Management and, as TrinityBridge, has become a standalone and independently run wealth management firm.

Close Brothers Group announced it had agreed to sell Close Brothers Asset Management in September 2024 for an equity value of up to £200m, with the acquisition completing earlier this month.

TrinityBridge said it was well placed to fulfil its growth ambitions and, as part of this, will be investing heavily in its technology as it seeks ‘best in class capabilities’.

It stated that TrinityBridge was chosen as a name as it reflects the business and acknowledges the enduring relationships that exist between clients, their investment managers, and professional advisers.

Additionally, the firm said the name represented strong connections and longevity, which were concepts that were “essential parts” of the business and how it views interactions with clients.

Commenting on the rebrand, TrinityBridge CEO, Eddy Reynolds, 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.”

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