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Oaktree Capital buys Close Brothers Asset Management for £200M, aiming to lead UK wealth management.
Close Brothers Asset Management has been acquired by Oaktree Capital Management for £200 million, becoming an independent wealth business.
CEO Eddy Reynolds will continue to lead the company, which will operate under its current name temporarily before adopting a new name.
The acquisition aims to support CBAM's growth and ambition to lead the UK premium wealth management market, with Oaktree providing additional expertise.
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Oaktree Capital compra Close Brothers Asset Management por £200M, con el objetivo de liderar la gestión de la riqueza del Reino Unido.