Schroders Personal Wealth (SPW) has appointed ex-Close Brothers Asset Management (CBAM) CEO, Martin Andrew, to its board as an independent non-executive director.

Andrew spent 14 years as the CEO of CBAM, achieving growth following the firm’s ‘strategic refocusing’ on wealth management.

He joins the board of SPW, which is the joint venture between Lloyds Banking Group and Schroders, with more than 25 years of experience in the asset and wealth management industry.

In 2022, Andrew founded independent wealth management advisory firm, Gallatin, and his career also included leadership roles at Merrill Lynch Investment Managers and McKinsey & Company.

SPW has more than 300 advisers based in the UK and manages over £14.3bn of assets for more than 50,000 clients.

Commenting on the appointment, SPW CEO, Mark Duckworth, said: “We are pleased to welcome Martin to our board.

“His extensive industry expertise and leadership in wealth management will be invaluable as we continue to grow and enhance our client-first offering.

“Since the inception of SPW, we have been committed to making high-quality financial advice more simple, affordable, and accessible. I look forward to working with Martin as we embark on the next phase of our journey.”

Andrew added: “I am excited to join the board of SPW at such a transformative time.

“With a commitment to putting clients at the heart of everything it does, SPW's dynamic and transparent business model is well-positioned to capture the ongoing growth of the UK wealth management market.”

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