Close Brothers Asset Management (CBAM) generated net inflows of seven percent in its first quarter from 1 August to 31 October 2020.

The firm said this was despite the impact of reduced face-to-face interaction with clients since the onset of Covid-19.

Managed assets increased from £12.6 billion at the end of July to £12.8 billion and total client assets also marginally increased from £13.7 billion to £13.8 billion in the same period.

CBAM remains committed to investing in new hires and technology, according to a trading update.