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flag Oaktree Capital buys Close Brothers Asset Management for £200M, aiming to lead UK wealth management.

flag Close Brothers Asset Management has been acquired by Oaktree Capital Management for £200 million, becoming an independent wealth business. flag CEO Eddy Reynolds will continue to lead the company, which will operate under its current name temporarily before adopting a new name. flag 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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