Six senior partners
of London-based private client wealth manager James Hambro &
Partners (JH&P) have acquired a majority stake in the
business.
The firm’s chief
executive Andy Steel said the acquisition by the management and
investment team highlights the desire to remain
independent.
Go deeper with GlobalData
A JH&P spokesperson
said there was no indication that the business might by acquired by
external parties.
JH&P has grown
private client assets under management and administration to around
£400 m ($644m) since launching in January last year.
Acquisitions
keep coming
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAustralian fund manager
BT Investment Management agreed to buy at 100% stake in J O Hambro
Capital Management (JOHCM), an investment business of J O Hambro
Capital Management Group.
The sell-off comes as a
result of the firm’s strategy to strengthen its relationships with
investment professionals including fund managers. In turn, JOHCM
will retain a 9.9% stake in J&HP.
The management team at
JH&P remains unchanged with Jamie Hambro as chairman and Andy
Steel as chief executive.
The transaction is
subject of regulatory approval with the deal likely to close in the
fourth quarter.
