UK boutique asset manager, Thames River Capital, is expected to be the destination of the two joint heads of Credit Suisse’s UK multi manager business.

According to unconfirmed reports, UK boutique asset manager, Thames River Capital, is expected to be the destination of the two joint heads of Credit Suisse’s £1.25 billion UK multi-manager business whose departure was confirmed by the Swiss bank last week. The resignation of Robert Burdett and Gary Potter will lead to a review of its Credit Suisse Asset Management’s UK multi-management business, although it has stated its commitment to this business. The pair have been brought in by Thames River to establish a long-only multi-manager offering aimed at retail investors after gardening leave has been completed. Although it does distribute some retail products through high-end financial advisers, previously Thames River has been best known for its institutional and alternative asset management businesses. The pair are expected to complete up to six months’ gardening leave before taking up their new positions. Mr Burdett and Mr Potter joined CSAM five years ago from Rothschild Asset Management. Thames River was established by Jonathan Hughes-Morgan and Charlie Porter in 1998, with the backing of the entrepreneur Sir John Beckwith. Last year former chief executive Glyn Jones resigned after a seven month review of the company during which it was decided that its best interests were served by not going public.