Credit Suisse has revealed Andrew Steel will take up the post of chief executive officer at J O Hambro Investment Management (JOHIM) with immediate effect.
Steel, chief operating officer at JOHIM since 2004, will report to Maya Salzmann, head of market area UK/International/Eastern Europe for Credit Suisse’s private banking business and chair of JOHIM.
He assumes this role from Anthony Balniel, one of the three co-founders of JOHIM, who will remain on the firm’s executive board.
JOHIM, with assets under management of over £3bn, was acquired by the Credit Suisse Group in 2000.
Salzmann says: “We are delighted to welcome Andrew to his new role.
“With his in-depth knowledge of the company he is ideally positioned to drive JOHIM's future growth. We are excited by the opportunity for Credit Suisse to expand its investment management presence in the UK under his leadership.”
Steel says: “I am looking forward to my new role at JOHIM. My priority will be to ensure that we continue to provide the high quality tailored services and strong investment performance that our clients have come to expect from us.”
Steel joined JOHIM as the financial controller in 1994 after five years with other J O Hambro Group companies.
Salzmann adds: “We would like to thank Anthony Balniel for his strong commitment to the business and for successfully driving growth and profitability at JOHIM during his tenure.
“Going forward, Anthony will focus exclusively on developing the private client business at JOHIM.”
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