View more on these topics

JO Hambro looks to distribute BT IM’s fixed income range

JO Hambro is considering distributing parent company BT Investment Management’s fixed income funds to clients.

Last July, Australian fund manager BT Investment Management bought JO Hambro for £209m. Jo Hambro does not currently have any fixed income funds.

BT Investment Management’s eight-strong fixed income team is led by head of income and fixed interest Vimal Gor. It has nine funds, including the £44m BT Wholesale Fixed Interest, £49m BT Wholesale Global Fixed Interest, £11m BT Wholesale Monthly Income Plus, £564m BT Government Bond, £320m BT Institutional Enhanced Fixed Interest, £645m BT Institutional Global Fixed Interest, £285m BT Wholesale Enhanced Credit, £971m BT Wholesale Enhanced Cash and £3.5bn BT Wholesale Managed Cash funds.

JO Hambro chief executive Gavin Rochussen says: “BT Investment Management has an exceptional fixed income team and excellent performance. We do have the potential to sell fixed income to our client base. We are thinking about how we would do that and whether we have the right distribution channels for it.”

Rochussen says the firm could use the team to feed fixed income ideas into the multi-asset product it is considering launching, which would be restricted to fixed-income and equities.

Chelsea Financial Services managing director Darius McDermott says: “I do not see why JO Hambro should not sell the fixed income funds to its client base if their performance is good.”



Tony Byrne: IFAs still don’t pass the canape test

Have you ever met someone at a social event for the first time and told them you are a financial adviser? I don’t know about you but I invariably find that from the look on their face, you can tell they would rather not be speaking to me, presumably for fear of being sold to […]

Stuart Geard 480

Nucleus MD replaced by Sanlam director

Nucleus managing director John McNeil has left the firm and will be replaced by Sanlam director Stuart Geard in October. McNeil only joined the firm in January but left last month. Nucleus has refused to comment on the reason for his departure. Geard is currently finance director at Sanlam UK and worked as an executive […]


PosSol head of propositions Andrew Waldron quits

Positive Solutions head of propositions Andrew Waldron has left the firm. Business development director Jonathan Morely is also set to depart the Aegon-owned firm after handing in his notice. PosSol has been hit by a number of senior departures this year. Jim Reeve stepped down as chief executive in February and has since set up […]

Martin Churchill: The difficulty of introducing adviser charging for VCTs

Venture capital trust providers are grappling with the problem of implementing the RDR rules coming in on 31 December 2012 concerning adviser charging. Under the rules, advisers will set their own charges for their services. Product providers will be banned from offering commission to advisers but can facilitate the payment of those adviser charges. The […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm