JOHCM to Launch Wealth Boutique
Thursday, January 21, 2010 20:01Posted in category News
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J O Hambro Capital Management is expanding its private client business, launching James Hambro & Partners as a wealth management boutique. The move comes as disgruntled rich individuals are seeking smaller independent boutiques to advise and manage their investments.
The new subsidiary, which is waiting for authorization, will be separately capitalized, managed and regulated, taking on the £220m existing private client assets under management from the group.
No leverage is involved in setting up the new business, which draws from the group’s war chest.
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