London investment boutique JO Hambro Capital Management has appointed a new chief executive to replace fund management supremo Nichola Pease, who has stepped back from the role to become deputy chairman after 10 years in charge of the company.

Gavin Rochussen, formerly chief executive of Fleming Family & Partners, which provides services to family offices, for five years, will take the helm at JO Hambro in November. He has already taken an equity stake in the firm, according to a statement published today. Pease, who worked part-time as the head of the firm, will continue to play a part in recruiting future fund managers.