Close Brothers has confirmed that Matt Roper, CEO of Invoice & Speciality Finance, is to be Neil Davies’ successor as CEO of the bank’s commercial business, from 1 August (subject to regulatory approval).

Roper joined Close Brothers over five years ago as Group Chief Credit Risk Officer before moving to his current role of CEO, Invoice & Speciality Finance.

Davies, who has been with Close Brothers for 15 years, joined as Director, Close Brothers Leasing, in November 2008 and became CEO of Leasing and Rentals in January 2014. He was then appointed as CEO of Close Brothers Asset Finance and Leasing in April 2016. He was promoted to CEO of Commercial in November 2020.

Neil Davies

Adrian Sainsbury, CEO of Close Brothers Group, said: “Neil has built and grown our Commercial business throughout his time with Close Brothers and I have valued his expertise, innovation and professionalism over the years.

“He has made a real difference as executive sponsor for social mobility and I’m delighted Neil will be staying on with Close Brothers working in a part-time position of ‘Managing Director – New Opportunities’.

In this new key role, Davies will be responsible for the development of strategic initiatives across the Bank including leading on potential future growth prospects.

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“Matt has worked incredibly hard to gain a detailed understanding of all aspects of the business and has earned the respect of everyone across the Bank.

“I’d like to thank Neil for his substantial contributions and to wish both Matt and Neil the best in their new roles.”

Neil Davies, CEO, Close Brothers Commercial, said: “I am honoured to have led various teams throughout my time with the business […]

“Matt has excelled as CEO of Invoice & Speciality Finance and I know he will be a great CEO of the Commercial business. The in-depth knowledge he gained as Group Chief Credit Officer will stand him in good stead and I’m looking forward to continuing to work with him.”

Matt Roper, CEO, Close Brothers Invoice & Speciality Finance, said: “The business is large and diverse, comprising almost 1,000 colleagues who support thousands of SMEs and their owners by financing almost every asset required by businesses. […] I would like to thank Neil for his outstanding stewardship of the business. He leaves a great legacy on which to build, and I am delighted he will still be part of the Group.”

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