Close Brothers Asset Management saw its assets under management (AuM) rise by 4% in the last quarter, from £9.3 billion to £9.6 billion.
Moreover, the group said that its revenue margin has ‘remained stable’ on the half year and business is continuing to gain momentum in its inflows.
Go deeper with GlobalData
In addition, the banking division saw its loan book up 5% to £5.1 billion, compared to the £4.9 billion in the previous quarter.
In a statement, the group said: "Performance has been positive in the quarter and we are well placed for the remainder of the year. In Asset Management, we continue to progress towards our profitability target as the business builds scale. Overall, our outlook is unchanged and we remain confident in delivering a strong result for the 2014 financial year."
