The rebrand follows the sale of the JOHIM business by Credit Suisse to Bermuda based financial services group, Somers Limited, and JOHIM management in 2013.
The investment manager specialises in discretionary portfolio management for private clients, charities and institutions and has a range of in-house managed investment funds. It also offers a range of offshore funds through its Dublin-based Waverton fund range.
The underlying structure of the business remains the same and the announcement represents a change in name only, according to Hugh Grootenhuis, chief executive at Waverton Investment Management.
“Waverton is not a new name for us. Our existing funds, a number of which are award winning and highly rated, have used the Waverton banner since 2004. Waverton was originally chosen as it is the name of the Gloucestershire family home of Richard Hambro, our co-founder and late Chairman,” he added.
The boutique investment house has around 100 members of staff, of which a quarter are portfolio managers with direct client relationship responsibilities. As of 31 December 2013, Waverton had approximately £4.5bn of assets under management.
