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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter