View more on these topics

JOHCM unveils private client arm

JO Hambro Capital Management is launching a subsidiary business, James Hambro & Partners, to expand its private client investment management activity.

Once authorised, it will take on the administration of existing group private client assets exceeding £200m. James Hambro & Partners will operate with autonomous management.

Andrew Steel, who joined JOHCM in July 2009 as chief executive, has recruited a number of senior individuals to help build and service this client segment.

Both Anthony Balniel and William van Straubenzee, previously with JO Hambro Investment Management (JOHIM), have joined as founding partners of the private client business.

Balniel, previously the head of private clients and one of the founding shareholders of JOHIM, will manage private client portfolios. He will also take over key aspects of the private client service.

Van Straubenzee, previously a director at JOHIM, will manage client portfolios with a value of about £350m. He will also assume responsibility for the private client investment process.

James Hambro, the chairman of JOHCM, says that James Hambro & Partners will be built around an entrepreneurial team of experienced private client portfolio managers.

The investment boutique’s core business will remain focused on Oeics, other open-ended funds and specific institutional mandates.

“[However,] James Hambro & Partners will add another string to our bow, providing a tailored service for high net worth individuals,” Gavin Rochussen, the chief executive officer, says in a statement.

Rochussen says private clients and the provision of wealth management services is an increasingly important part of the overall investment universe. “This client segment also provides a long term and stable client base which will help further diversify our underlying assets and revenue steams,” Rochussen says.  

Recommended

Test your adviser

How clients can check that their financial adviser is on track to meet the requirements of the RDR

Virgin brings in staff for bank

Virgin Money has appointed former senior staff of Royal Bank of Scotland, Bradford & Bingley and HBOS as it develops its banking proposition. Virgin has recruited former RBS executive Finlay William-son as finance director, former Bradford & Bingley director of savings Ian Cornelius as banking director and HBOS head of legal for retail Marcus Eze-kiel […]

Mark Page: “A good time to be a European fund manager”

With European markets picking up in early 2015, Mark Page, Artemis European Opportunities Fund manager, discusses the ‘macro’ drivers and whether the improvements are sustainable. Largely driven by economic stimulus by the European Central Bank, European stockmarkets have performed strongly so far in 2015. Mark discusses the relative merits and sustainability of ECB policy with […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment