Shares in Close Brothers, the UK merchant banking group, rose more than 5% on Thursday after reporting trading at all three of its divisions had surpassed expectations during its financial first half.
At the same time, the company announced its current finance director was leave the company and that the search for a new CFO was underway.
The company said its banking division had "continued to generate strong returns and profit growth" during the five months to 31 December, with a "stable" net interest margin.
Bad debts remained low and its underlying credit performance was consistent with the previous financial year. The loan book was up 2.6% over the period to £7.1bn.
The company's asset management division delivered "strong" net inflows and benefitted from rising markets during period with manage assets increasing 8.2% to £9.6bn
Total client assets increased to £11.7bn in the period, up from £11.2bn in the prior period ending 31 July 2017.
Close Brothers' third division Winterflood, the European market maker, "continued its good performance with trading activity remaining high".