Simmons was previously a trader and TCA analyst, and will assume responsibilities from today, with de Kock remaining in his post to handover until his departure on 7 December, The TRADE understands.

De Kock has held the position since 2010 and his next role is so far unconfirmed. Speaking to his departure, a spokesperson for J O Hambro told The TRADE: “We can confirm that Louis de Kock will be leaving his role as head of trading at J O Hambro Capital Management […] He leaves with our best wishes for his future endeavours.”

Simmons previously held positions at Charles Stanley & Co. and Lloyds Banking Group, before joining J O Hambro in 2018.

He is among the twenty Rising Stars of Trading and Execution for 2023 named by The TRADE today, with presentations to be made at Leaders in Trading, Europe’s most popular awards event for the trading and execution industry on 8 November at The Savoy Hotel in London.

Read more – Leaders in Trading 2023: Key dates and information

Earlier this year, Perpetual Group – which owns J O Hambro – merged its existing regional asset management businesses to form one global division, led by a newly created role of chief executive of asset management. 

The group also includes the asset management bands: Perpetual, Pendal, Barrow Hanley, Regnan, Trillium and TSW.

At the time, the business confirmed that “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.”

The post J O Hambro internal candidate selected to replace departing head of trading appeared first on The TRADE.

J O Hambro Capital Management has confirmed it will directly pay for external research used by its fund management teams when MiFID II comes into effect.

The buy-side firm said funding of the research is expected to cost the company around £5 million per year.

Ken Lambden, chief executive officer at J O Hambro, explained absorbing the costs was in the best interests of the firm’s clients.

“As a high conviction active fund manager, our proprietary research is key to delivering investment outperformance for our clients, but we also value access to selected research generated by external parties,” he added.

J O Hambro is the latest asset manager to decide to pay for research ahead of MiFID II’s unbundling requirements.

JP Morgan Asset Management, Vanguard and T. Rowe Price are among the buy-side firms who have also decided to absorb the costs of research under MiFID II.

The rules mean buy-side firms will no longer be allowed to pay for receive research paid for through execution commissions or commission sharing agreements. 

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