The chief executive of JO Hambro Capital Management has left the company as part of a leadership shake up by its owner Perpetual Group.
In an announcement today (August 24), Perpetual said its asset management businesses would come together to form one global division led by a newly created role of chief executive of asset management.
As a result, Alexandra Altinger, chief executive of JOHCM, will leave the business at the end of August.
Rob Adams will assume the dual role of Perpetual Group chef executive and chief executive of asset management.
Perpetual, an Australian company which operates a multi-boutique asset management model and a wealth management business, bought JOHCM's parent company in January.
The company also owns ESG investment specialists Regnan and Trillium Asset Management.
To support Adams, two roles have been created in the asset management leadership team.
A global head of investment strategy will have oversight of the firm’s global investment capabilities ensuring they continue to meet client requirements.
Graham Kitchen, currently chairman of Trillium and Perpetual corporate entities in the UK, will assume this role on a temporary basis while a permanent candidate is recruited.
In addition, a global head of business management and strategic delivery will be responsible for coordination, prioritisation and delivery of business activities within asset management.
Clare Forster has been appointed to this role having previously held senior management roles at Janus Henderson, Gam and Jupiter Asset Management.
The JOHCM business will continue to be managed by its executive committee, which Forster will lead.
Adams, said: “The changes we are making enable us to have an improved focus on our global asset management business and successful execution of strategy, while creating a simplified Perpetual Group leadership structure focused on driving future growth across all our businesses.
“There will be no further changes to the J O Hambro Capital Management executive committee with Andrew Parry remaining as head of investments. Our investment teams, processes and autonomy will remain completely unchanged and we remain focussed on supporting our clients achieve their investment goals.”
Earlier this year FTAdviser spoke to Altinger about her position as one of the few women to lead a UK asset management company.
She said: "We don't have that many women as CEOs of large asset management firms — it's still the exception rather than something that goes unnoticed.
"A lot of it is generational. I think the younger generation approach it in a more open manner, I don't think they look at leadership through the gender lens in the way that we have had to. Maybe there's sufficient role models that they have seen different styles of leading, they don't map those skills to particular genders."
Before running JOHCM, Altinger was chief executive of Sandaire Investment Office.
amy.austin@ft.com
