Investment manager James Hambro & Partners (JH&P) has recruited Asia specialist Camilla Cecil from Hong Kong, where she was deputy fund manager of the Ruffer Pacific fund.
Cecil spent six years at Ruffer LLP, the last two working alongside the firm’s Head of Asia in Hong Kong, from where she made regular company visits across the region.
Her appointment follows JH&P’s recruitment last year of the US and global equity specialist, William Francklin, as the firm builds its direct equity expertise beyond the UK.
Cecil will work closely with Francklin, visiting China and Japan to conduct company meetings and recommending stocks for client portfolios. She will also be looking after international and UK-based clients investing in global mandates.
JH&P CEO Andy Steel said: “One of the features that makes JH&P distinctive is our focus on building private client portfolios with a strong element of direct equities. This has helped reduce costs, keep portfolios focused and deliver strong performance.
“We have outstanding expertise in the UK and with these appointments we are now building that out further, so Camilla is an important part of our plans.”
Cecil, who has a first-class maths degree from Edinburgh University and came top in the country in the CISI Wealth Management Diploma exams in 2013, cited JH&P’s recent authorisation to manage money for American clients as a key attraction for her in joining the firm.
She said: “JH&P has an excellent industry reputation and is growing rapidly. The SEC authorisation means that the firm is broadening out its client base and global direct equity capabilities, and it is exciting to be able to bring my Asia experience to that mix.
“The Hong Kong and Japan markets still look relatively cheap on the world stage, especially when compared with US valuations which are looking stretched against most historic measures. With global interlinkages rising, knowledge of these markets should inform our understanding of the opportunities in Western markets, in addition to being interesting in their own right.”
“Corporate access and disclosure are still lagging behind in Asia and the quality, breadth and depth of research is not as strong as it is in the US and Europe, so I think that meeting managements on the ground and having a good understanding of the region gives an investment manager an edge.”