Richard Hambro, founder of JO Hambro Investment Management, has died following a lengthy battle with cancer.
The 62-year-old, also a non-executive director of Money Portal, died at his home on Saturday (25 April).
He stepped down as chairman of Money Portal in March, a position he had held for five years, as he continued his battle with ill health.
Alan Easter, Money Portal group head of distribution, says: "We are desperately sad at this news. Richard has been with Money Portal since inception and was a significant supporter of the business. Our thoughts are with his family during this difficult time."
Richard, along with his brothers James and Rupert, set up JO Hambro Investment Management after his father, Joscelyn, sold the family stake in JO Hambro bank in 1986. Reports suggested Richard netted upward of £40m from it sale, to Credit Suisse, in 2001.
Richard is a director of several public and private companies in the UK and overseas, and has other prominent roles including chairman of Colon Cancer Concern, The Joint British Cancer Charities and The South African Business Initiative.
He is also deputy president of Macmillan Cancer Relief and a governor of The London Clinic.IFAonline
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