Credit Suisse Group AG (CSGN) is selling JO Hambro Investment Management, the Sunday Times reported, without citing anyone.
Credit Suisse bought London-based JO Hambro, which employs about 100 people, in 2001 for 100 million pounds ($158 million), according to the newspaper. It may now be worth about 60 million pounds, the newspaper said.
A spokeswoman for Credit Suisse in London declined to comment on the report.
To contact the editor responsible for this story: Mike Harrison at firstname.lastname@example.org