Close Bros Regulatory News (CBG)

The board of directors of Close Brothers Group plc ("Close Brothers" or the "Company") is pleased to announce the appointment of Tracey Graham as an independent non-executive director with immediate effect.

Tracey has been appointed as a member of the board's Remuneration and Risk Committees, and, consistent with the Company's other independent non-executive directors, she has also become a director of the Company's Banking subsidiary, Close Brothers Limited.

Tracey is an experienced non-executive director, having served on a number of listed company and mutual boards across a range of sectors, including financial services. She has extensive experience as a remuneration committee chair and also serves as a senior independent director. Tracey is currently a non-executive director of Ibstock plc, DiscoverIE Group plc and LINK Scheme Limited. Tracey has been a non-executive director of Royal London Mutual Insurance Society Limited ("Royal London") since March 2013 but will step down from that role today, as previously announced by Royal London.

Tracey has broad executive experience from companies operating in the financial and business services sectors, both in the UK and internationally. She was Chief Executive Officer of Talaris Limited, an international cash management business. Before that, she held a number of senior roles in De La Rue plc, including as Managing Director - Identity Systems, President - Sequoia Voting Systems and Managing Director - Cash Systems. Tracey began her career at HSBC and subsequently held the role of Director of Customer Services at AXA Insurance plc.

Mike Biggs, Chairman of Close Brothers, commented: "I am delighted to welcome Tracey to the Close Brothers board. She brings significant commercial, operational and customer service expertise gained in several different sectors, including from executive and non-executive roles in financial services and other customer-facing businesses. Tracey's skills and experience will be of great benefit to Close Brothers as the company continues to develop in the years ahead."

Tracey Graham said: "I am very pleased to be joining the board of Close Brothers. The company has a strong culture and an effective business model, focused on helping its customers, partners and colleagues thrive over the long term. I look forward to working with the board as the company continues to deliver for stakeholders in the years ahead."

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

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About Close Brothers

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ over 3,700 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.