JO Hambro goes to Credit Suisse

Credit Suisse Private Banking has announced the purchase of JO Hambro Investment Management for an undisclosed price, believed to be in the region of £80m.

JO Hambro has a $600m long/short European hedge fund, Charlemagne, managed by Stuart Mitchell.

Russell Bussey, head of sales at Credit Suisse Private Banking said that JO Hambro will remain autonomous under the CSPB umbrella.

"Our motivation in this purchase is a commitment to the UK marketplace and to the independent private banking sector"

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