Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

JO Hambro Investment Management's vision for a new era

JO Hambro Investment Management's vision for a new era

JO Hambro Investment Management (Johim) is looking to capitalise on new opportunities created by its recent buyout by Bermuda National Limited (BNL), and the portfolio of financial institutions the firm is now partnering with.

A week after officially spinning out of Credit Suisse following the completion of its acquisition by BNL for an undisclosed sum, Stephen Browne (pictured), director at Johim, explained how the firm is anticipating growth in its burgeoning international private client business.

The only discretionary fund management company in BNL’s holdings, Johim is now sister company to one of the biggest banks in Bermuda, Bermuda Commercial Bank, alongside other banks and advisory companies across the world.

‘One needs the right private client services and teams to cater for the exponential growing numbers of international clients, mostly non-residents [who are coming] to or through London,’ Browne said.

Besides Johim’s ‘strong national base’, he pointed to the US and the Far East as areas of potential growth.

‘There are different ways of capturing those clients in London or offshore jurisdictions, and BNL has a lot of international experience, so we hope to tap into what they can offer us as well.’

While Browne said Johim is not looking into developing new services, he explained the firm was ‘certainly considering’ ways to access foreign markets more efficiently, whether via hires or new offices.

‘We’re not ignoring these things,’ he said, adding Johim is exploring ways to ‘be part’ of and network with its new group partners.

He said the firm is considering Bermuda’s offshore centre as a potential launch pad: ‘I am sure there are ways we can explore working with [Bermuda Commercial Bank] in an offshore trust jurisdiction.’

Browne is anticipating a push in the wealth manager’s global equity institutional platforms, in what he described as a ‘departure’ from its pure private client business, and eventual new products in its range of specialist mandates.

He added that Johim is also seeing strong growth in its charity business, led by James Pike, after taking on the 100th client this year.

‘We have scope to build that business and we are in the process of doing that, hiring new directors and expanding resources.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter