Close Brothers start hunt for new chief executive

by Richard Kilner

Story link: Close Brothers start hunt for new chief executive

Close Brothers Group plc has announced that its chief executive for the last six years, Colin Keogh, is to stand down.

Keogh will part ways with the firm once a successor has been found, ending 23 years spent with Close Brothers.

Strone Macpherson, chairman, has praised Keogh’s long association with the firm, from leading Corporate Finance and the Asset Management divisions to his appoint as chief executive.

Macpherson went on to say that the ever-changing nature of the financial world meant that now was the right time to change the firm’s leader, adding his delight that Keogh is to remain in place until a successor has been found.

Keogh himself has stated that the bank is well capitalised and in a good position to weather the current financial turbulence, and that with a new banking era approaching the time is right for a new leader.