View more on these topics

Bonham-Carter denies Jupiter Asset Management sale rumours

Edward-Bonham-Carter-620.jpg

Jupiter Asset Management vice president Edward Bonham-Carter says he plans for the business to remain independently owned, after rumours arose that the company was being bought.

Details emerged last week that US bank Wells Fargo was looking to buy a UK fund group to boost its presence in the country, with Jupiter Asset Management, as well as Henderson Global Investors, named as one of the firms it was looking at.

However, Bonham-Carter, speaking at the AJ Bell Investival conference in London yesterday, said Jupiter is independent and he plans for it to remain so. However, he declined to comment further on any takeover talks.

Instead the firm is looking to expand into the European market and focus its sales efforts in the region, says Bonham-Carter.

Bonham-Carter was previously chief executive of the asset manager, handing over the reigns to Maarten Slendebroek last year and becoming vice chairman.

Bonham-Carter led Jupiter’s management buyout from Commerzbank in 2007 and its subsequent flotation on the stockmarket in 2010.

Recommended

HBOS-PLC-dark-stormy-clouds-500x320.jpg
7

FCA unable to fine HBOS execs

The FCA has confirmed it will not be able to issue fines to any former executives at HBOS, regardless of the conclusions of the report into its collapse to be published this week. The report is expected to include a lengthy examination of why only one HBOS director, Peter Cummings, was fined in the aftermath […]

HBOS-PLC-dark-stormy-clouds-500x320.jpg
5

HBOS report slams FSA over ‘flawed’ investigation

The long-awaited report into the failure of HBOS has criticised the FSA for its “flawed” investigation into the bank. The report concludes that ultimate responsibility for the failure of HBOS rests with the board and senior management. It says the FSA failed to give proper consideration to investigating other senior individuals and the bank itself. […]

Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment