JOHIM renumeration issue unresolved

Four years after its purchase of boutique fund management house JO Hambro Investment Management (JOHIM), Credit Suisse has yet to agree on a remuneration package with senior management. The issue was highlighted following the departure last month of JOHIM's star European manager Stuart Mitchell, who is to set up his own company but keep many of his JOHIM mandates, in effect making himself an outsourcing solution to his old company. While the split was amicable – Mitchell will even use the JOHIM offices for administratiob and facilities – it is a blow for the company, which prides itself ...