J O Hambro Capital Management (JOHCM) has announced the departure of its chief executive officer Ken Lambden (pictured).
In a media statement, the parent company of the asset manager, Pendal Group, said Lambden will be on gardening leave during his six-month notice period.
Effective immediately, Emilio Gonzalez, Pendal Group’s CEO, will act as JOHCM’s CEO until a replacement has been found for Lambden. It is understood he will temporarily relocate to London from Sydney.
A search for the permanent JOHCM’s CEO will begin shortly, the firm commented.
Lambden joined JOHCM in October 2016 as CEO, having previously been Barings’ CIO, non-executive director at RWC Partners and global head of Equities at Schroders among others.
Gonzalez said: “We thank Ken for his hard work and commitment in leading the JOHCM business and wish him every success in his future endeavours. Importantly, there are no changes to JOHCM’s investment teams, investment autonomy or any other aspect of JOHCM’s successful investment-led model.”
JOHCM managed £30.8bn (€34.4bn) in assets as of end June 2018.