Jupiter reveals new board structure

Chris Salih
Edward Bonham Carter will take over as group chief executive of Jupiter following the completion of the private equity-backed management buyout in July.

Bonham Carter will head Jupiter Investment Management holdings Limited, which will be the ultimate holding for the Jupiter Group of companies, which includes the asset management and unit trust arms of the business.

Jonathan Carey has also been appointed as the group executive deputy chairman of the holding company. Carey has been joint chief executive alongside Bonham Carter since May 2000.

On Carey's appointment, Bonham Carter says: "The partnership between Jonathan and I has been exceptionally strong during the past seven years. His financial and operational expertise has been critical to building Jupiter into the success it is today and I am delighted we will be able to continue to work closely together in our new roles.”

Jupiter will also have four affitional representatives on the board with Adrian Creedy as chief operating officer and three fund managers in the shape of Anthony Nutt, Philip Gibbs and John Chatfeild Roberts.

TA Associates will also have a trio of members on the board, with managing director Michael Wilson appointed alongside vice president Christopher Parkin and adviser Richard Morris.

Jupiter is to appoint a chairman for the board before the completion of the MBO in July.

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