Close Brothers boost its Channel Islands operations

Monday 17 October 10:46

Close Brothers, the FTSE 250 merchant bank, has expressed renewed confidence in the Channel Islands by strengthening its business funding operations in Jersey and Guernsey and making additional funds available to local businesses to stimulate business growth.

To oversee this significant investment in the local market, the UK merchant banking group has appointed Richard Briscoe as managing director of Close Finance (CI) Ltd.

Richard brings with him over 20 years’ experience of consumer and asset finance, most recently as managing director of Close Brothers Business Finance, where he oversaw a team of broker development managers providing tailor-made solutions to businesses across a variety of industry sectors.

In his new role, he will be responsible for managing Close Finance’s offices in Jersey and Guernsey, but his primary focus will be on growing the company’s loan book across motor, consumer, and in the burgeoning B2B sector.

“Close is already the market leader for personal and business loans in the Channel Islands, but there is an opportunity to further develop our presence in other areas, such as asset finance,” said Richard.

“Jersey and Guernsey have a multitude of successful small to medium-sized businesses who can benefit from the innovative financing options we can provide. As I have always worked with similar types of businesses, I’m hoping to use my knowledge and experience to identify ways we can help fund their continued growth and development,” he added.

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