Sunday Times has reported the potential sale but a person with knowledge of the plans confirmed to Financial Times that it is considering potential bidders although the Swiss bank declined to comment.

JO Hambro Investment Management is majorly into wealth management business and also has an asset management operation with £1bn of assets under management.

Founded in 1986, JOHIM was acquired by Credit Suisse in 2001 and was a separately entity from other divisions within Credit Suisse Private Banking.