Gavin Rochussen has resigned from JO Hambro Capital Management’s Australian parent BT Investment Management (BTIM).
Rochussen had taken a newly created role at BTIM back in September, to oversee its growth outside of Australia, following eight years as chief executive of JOHCM.
Former Baring Asset Management chief investment officer Ken Lambden took over from Rochussen as group chief executive.
The company said Rochussen’s resignation will be effective immediately and he will be put on a six month gardening leave. He is leaving the company to ‘pursue another opportunity in the UK asset management industry’.
Following his gardening leave, he will be investing in a boutique firm in the UK and become its CEO.
He also agreed to a five-year non-solicit period of JOHCM staff, the firm said.
Ken Lambden, JOHCM group CEO, said: ‘Under Gavin’s leadership, the JOHCM business successfully expanded and diversified considerably. We all wish him every success in his future endeavours. Our focus remains on preserving our investment-led culture while building out the business on a global scale.’