James Hoare has been with the institution that bears his name for close to seven years. Before spearheading the firm’s portfolio management business, he served as executive director at Goldman Sachs for a period of seven years and was executive director at Barclays Investment Bank for nearly six years before that.
Jeffree has also enjoyed a lengthy career at Britain’s oldest bank, progressing from head of fund selection to head of research and, finally, CIO a year and a half ago.
The sale of C. Hoare’s wealth management arm by Cazenove was first announced back in October 2016. Former chief executive turned partner and director, Alexander Hoare, hailed the arrangement, explaining it would allow the private bank’s wealth management business “to continue to flourish, while meeting the requirements of the regulators and new challenges of technology.”
By January, A. Hoare confirmed the group had entered a conditional agreement to transfer its wealth management business to Cazenove, which would take effect from mid-February 2017.
At the time, he anticipated that all of C. Hoare’s wealth portfolio managers would seamlessly transition to the Schroders-owned Cazenove, providing continuity of service for existing customers.
Sources suggested to Portfolio Adviser that Jeffree and Hoare will not be the only departures from the wealth management team after the deal is completed, but could not confirm which other personnel would be leaving, at this time.
