JOHCM launches private client subsidiary

James Hambro & Partners LLP will take on the work of JOHCM's existing private client assets which total more than £200m. With current group assets under management of £3.9bn, JOHCM says it aims to grow the private client business so it accounts for a "significant percentage" of total assets managed by the group. Chief executive officer Gavin Rochussen says the launch of the subsidiary is in response to a changing investment universe which is seeing private clients and wealth management services become increasingly important. "Our core business will remain focused on OEICs, other op...