Andrew Hess - Spear's Magazine

Andrew Hess

Close Brothers

Andrew Hess
Wealth Managers 2019
Company Size

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When Spear’s catches up with the personable Andrew Hess, he’s barely a month into his new job at Close Brothers, where he joined as managing director of its HNW bespoke investment management service.

‘The main reasons for joining were the strong global direct equity research capability, as well as the ability to continue to run bespoke portfolios,’ Hess tells Spear’s. ‘This, combined with a low client-to-investment manager ratio, enables us to provide a personal service to our clients, which we believe is becoming increasingly rare in our industry.’

Hess joins the firm from Rathbones, where he worked as an investment director, and has more than 30 years of experience managing funds on behalf of private clients, pension funds, charities and City livery companies. He’s arrived during a period of major change for the merchant bank, too: Close has just opened its first West End office, on Pall Mall.

‘The firm is looking to provide a home where investment managers can run bespoke mandates whilst drawing upon the excellent in-house research capabilities,’ he says. ‘The commitment to a low client-tofund-manager ratio ensures that clients at Close Brothers Asset Management receive a truly personal service where the investment manager often fulfils the role of trusted adviser.