JOHIM management to buy out business from Credit Suisse

Under the terms of the proposed deal, JOHIM management and staff will become shareholders in the business alongside Bermuda National Limited (BNL), with the latter becoming majority shareholder. Credit Suisse had been looking to offload JOHIM, which has assets under management of approximately £3.6bn and assets under control of around £4.8bn, since early 2012. "We are very excited about the future and welcome BNL as our new majority shareholder who offers opportunities for us to continue to grow the business, including in areas where we would otherwise not have direct access, such as ...