Directorate Change

Released : 29 Jun 2023

RNS Number : 2848EClose Brothers Group PLC29 June 2023

Directorate change

The board of directors of Close Brothers Group plc ("Close Brothers" or the "Company") is pleased to announce the appointment of Kari Hale as an independent non-executive director with effect from 28 June 2023.

On joining the board, Kari will become a member of the board's Risk and Audit Committees. At the same time, and consistent with the Company's other independent non-executive directors, he will also become a director of the Company's Banking subsidiary, Close Brothers Limited.

Kari has extensive experience as an auditor and spent the majority of his career at Deloitte.  He has financial services experience and broader sector exposure as Head of Strategy for the Financial Services Practice.  Kari also spent three years as an executive director at the Financial Services Authority.  He is currently a non-executive director and audit committee chair at Axa UK plc.

Mike Biggs, Chairman of Close Brothers, commented: "I am very pleased to be welcoming Kari to the Close Brothers' board.  He brings considerable audit and commercial expertise and has a deep understanding of the audit and governance environment in which the group operates.  Kari's skills and expertise will be a strong complement to the existing board and I look forward to working with him."

Kari Hale said: "I am delighted to be joining the board of Close Brothers.  The Company has a distinctive and successful model, and a strong culture focused on customers, partners and colleagues.  I look forward to working with colleagues on the board and senior management to play a part in the group's ongoing development."

No other information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to Kari's appointment as a director of Close Brothers.

Enquiries

Sarah Peazer-Davies

Company Secretary

020 3857 6482

Sophie Gillingham

Director of Investor Relations

Close Brothers Group plc

020 3857 6574

About Close Brothers

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading.  We employ approximately 4,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.

LEI Code: 213800W73SYHR14I3X91

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