J O Hambro Capital Management (JOHCM) CEO Ken Lambden has stepped down after 22 months in the role.

The firm has named Emilio Gonzalez as its acting CEO with immediate effect till the appointment of a permanent successor.

Lambden will  be on a gardening leave during a notice period of six months.

Gonzalez, who is the CEO of Australian parent Pendal Group, will move to London from Sydney to assume the new responsibility.

J O Hambro Capital Management CEO

Lambden was appointed as JOHCM CEO in 2016. He replaced Gavin Rochussen who then took up an international development role at Pendal, which was known as BT Investment Management (BTIM) at the time.

Lambden formerly worked as the CIO at Baring Asset Management and as the global head of equities at Schroders.

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“We thank Ken for his hard work and commitment in leading the JOHCM business and wish him every success in his future endeavours. Importantly, there are no changes to JOHCM’s investment teams, investment autonomy or any other aspect of JOHCM’s successful investment-led model,” Gonzalez noted.