JO Hambro appoints CEO
London investment boutique JO Hambro Capital Management has appointed a new chief executive to replace fund management supremo Nichola Pease, who has stepped back from the role to become deputy chairman after 10 years in charge of the company.
Gavin Rochussen, formerly chief executive of Fleming Family & Partners, which provides services to family offices, for five years, will take the helm at JO Hambro in November. He has already taken an equity stake in the firm, according to a statement published today. Pease, who worked part-time as the head of the firm, will continue to play a part in recruiting future fund managers.
Jamie Hambro, chairman of the company, said: "Nichola came to the board and expressed the view that the firm needed a full-time CEO to fulfil its potential."
Pease joined JO Hambro as chief executive from Rowe Price Fleming International, where she was a senior fund manager. Previously she was a managing director of Smith New Court Europe, and in the 1980s was a fund manager at Kleinwort Benson and Citibank.
She is married to Crispin Odey, the founder and chief investment officer of Odey Asset Management, and was a non-executive director of Northern Rock before stepping down from the role late last year.
JO Hambro Capital Management has 89 staff and manages £3.3bn (€4.2bn). It is majority owned by employees: 60% is owned by Jamie Hambro, Nichola Pease and Christopher Mills, a founding partner and fund manager at the company, according to a spokeswoman at the firm.
Mervyn Davies, chairman of Fleming Family & Partners, was appointed interim chief executive after Rochussen's departure in August. Davies is chairman of Standard Chartered, and is a non-executive director of UK supermarket Tesco and Tottenham Hotspur football club in London.
--write to pcraig@efinancialnews.com
del.icio.us
Digg
Newsvine
reddit
StumbleUpon
