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Credit Suisse mulls JOHIM sale

Credit Suisse is considering the sale of its UK private client wealth management business JO Hambro Investment Management.

JOHIM was launched in 1986 by the Hambro family. The firm was sold to Credit Suisse in 2001, but it has remained a private entity from Credit Suisse Private Banking.

According to the FT, a person with knowledge of the plans says the group is considering the move but no final decision has yet to be made.

The Sunday Times says the sale of JOHIM, which has around 100 members of staff, could make Credit Suisse as much as £60m.

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